Metaplanet Doubles Down on Bitcoin with $11.6 Million Purchase

Metaplanet has made a significant investment in Bitcoin, acquiring 103 BTC for $11.6 million. This purchase boosts their total holdings to 18,991 BTC, valued at roughly $1.95 billion. The move positions Metaplanet as the seventh largest publicly traded Bitcoin holder, with returns exceeding the stock market by nearly 480%. Analysts speculate that Metaplanet may be steadily accumulating Bitcoin, echoing Michael Saylor’s strategy of consistent investment.