Metaplanet Doubles Bitcoin Holdings, Exceeding Debt by 18 Times

Japanese blockchain firm Metaplanet made a major move in the cryptocurrency market, expanding its holdings of Bitcoin to an impressive 18,888 BTC. This acquisition signifies a strategic shift towards strengthening their financial standing and solidifying their presence in the corporate bitcoin space. 775 BTC were added to Metaplanet’s treasury, bringing the total value to 18,888 BTC. President Simon Gerovich announced this milestone publicly on X, highlighting the company’s commitment to Bitcoin accumulation. The move has significantly boosted Metaplanet’s assets while outperforming its liabilities by 18 times.