Metaplanet Acquires $11.7M in Bitcoin, Pushing for a Top 6 Ranking

Japan-based Metaplanet recently purchased a significant amount of Bitcoin, acquiring 103 BTC worth approximately $11.7 million. This move brings the company close to surpassing Riot Platforms as one of the world’s top six holders of Bitcoin. Simon Gerovich, CEO of Metaplanet, attributed this rise in holdings to the expanding cryptocurrency market and increasing institutional investment. Metaplanet now holds a total of 18,991 BTC with an overall average purchase price of $102,712 per BTC.