Metaplanet Purchases $11.6 Million Worth of Bitcoin, Further Cementing its Position as a Top BTC Holder

Japan-based Metaplanet has bolstered its Bitcoin holdings with a significant purchase of 103 BTC worth $11.6 million. This move, coinciding with Michael Saylor’s “Bitcoin is on Sale” signal, brings their total reserves to 18,991 BTC, solidifying their position as the seventh-largest public Bitcoin holder. This latest acquisition follows Metaplanet’s aggressive investment strategy in Bitcoin, resulting in a substantial return of nearly $1.95 billion across their holdings. Analysts attribute this surge to expanding DeFi applications and increasing institutional investments.