Metaplanet Doubles Down on Bitcoin: Buys $28M Worth of BTC for a Record Holding

Metaplanet, a Japanese cryptocurrency investment firm, has made headlines again by purchasing another substantial amount of Bitcoin. In a recent transaction worth $28.2 million, the company acquired 330 BTC, bringing its total holdings to a record-breaking 4,855 BTC. This acquisition represents an estimated value of nearly half a billion dollars today, further solidifying Metaplanet’s commitment to Bitcoin investments. The firm’s decision reflects a strategic shift towards embracing this digital asset as the cornerstone of their business model. This latest purchase comes on the heels of a successful quarter and highlights the company’s confidence in Bitcoin’s potential amidst market uncertainty.