Metaplanet Acquires Massive Bitcoin Holdings, Strengthening Reserves

Japan-based cryptocurrency firm Metaplanet has made a significant move by acquiring 775 additional bitcoins for a total of $93 million. This latest purchase brings their Bitcoin reserves to 18,888 BTC and further bolsters their overall investment portfolio that now totals over $1.94 billion. The company’s President, Simon Gerovich, announced the acquisition on social media, highlighting his enthusiasm for the strengthened position in the Bitcoin market. Since beginning its Bitcoin accumulation strategy in April 2024, Metaplanet has been steadily building its holdings, now averaging an investment of $102,653 per bitcoin.