Metaplanet Acquires $104 Million in Bitcoin: Expanding Institutional Holdings

Japanese investment firm Metaplanet has made a substantial strategic move by purchasing 1,004 Bitcoins worth $104 million. This purchase brings their total Bitcoin holdings to 7,800 BTC and reinforces their commitment to cryptocurrency investments. Analysts believe this action signals increased corporate confidence in the future of digital currencies. The acquisition comes just days after Metaplanet’s $64.7 million bond issuance strategy, which was designed to support its growing crypto investment portfolio. 812 million USD is currently valued in Bitcoin by the firm.