Metaplanet Bitcoin Holdings Surge to $93 Million with New Purchase

Metaplanet, a prominent bitcoin holding firm, has made another significant investment in digital assets. In a recent move, they acquired 775 bitcoins worth approximately $93 million. This acquisition brings their total holdings to 18,888 bitcoins, valued at $1.94 billion, according to the company’s board president, Simon Gerovich. The purchase was motivated by Metaplanet’s long-term bullish outlook on Bitcoin and its potential for generating returns in the future. The firm achieved a substantial year-to-date yield of 480.2% from their Bitcoin holdings. The details regarding Metaplanet’s investment strategy have been shared publicly, shedding light on the company’s aggressive accumulation strategy.