Japanese Firm Metaplanet Doubles Down on Bitcoin with $380 Million Treasury Boost

Metaplanet Inc., a publicly listed Japanese company, has significantly bolstered its bitcoin holdings by adding 319 more bitcoins to its treasury. This strategic move comes as part of the firm’s continued commitment to cryptocurrencies, especially Bitcoin. The recent purchase, valued at approximately 3.78 billion yen, brings Metaplanet’s total Bitcoin stash to a robust 4,525 BTC. Experts attribute this surge in price to ongoing growth in decentralized finance (DeFi) and increasing interest from institutional investors.