‘Asia’s MicroStrategy’ Metaplanet Buys Another $10.4M In Bitcoin, Exceeds 1,000 BTC Holdings
Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market.
What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet’s total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.
This latest purchase highlights Metaplanet’s ongoing strategy to enhance shareholder value through cryptocurrency investments, positioning itself as a rising competitor to prominent Bitcoin-holding firms such as MicroStrategy Inc. (NASDAQ:MSTR).
Metaplanet’s aggressive accumulation strategy, initiated in April 2024, has seen the company spend over $62.8 million on Bitcoin, with a cumulative average purchase price of $61,663 per BTC.
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