Metaplanet Acquires $28.2 Million in Bitcoin, Expanding Its Holdings

Metaplanet has acquired 330 bitcoins worth $28.2 million as part of its ongoing strategic Bitcoin investment strategy. This latest purchase brings the company’s total Bitcoin holdings to 4,855 BTC. CEO Simon Gerovich revealed the acquisition, which was made at an average price of $85,605 per Bitcoin, on his Twitter profile and through a public announcement. The move follows earlier purchases of 696 BTC in April. Metaplanet is aiming to reach a target of 5,000 BTC as it continues to focus its treasury management resources on Bitcoin.