Metaplanet Doubles Bitcoin Holdings, Expands Investment Strategy with Major Purchase

Japanese investment firm Metaplanet has made a significant move in the cryptocurrency market by purchasing an additional 696 bitcoins (BTC) worth ¥10.15 billion ($67.9 million). This latest acquisition boosts their total BTC holdings to 4,046 BTC, putting them among the top corporate Bitcoin holders globally alongside Microstrategy and Tesla. Metaplanet has been actively pursuing a Bitcoin-focused strategy since April 2024, taking advantage of market conditions by acquiring more Bitcoin through options rather than direct purchases, which has helped reduce their effective cost per bitcoin.