Metaplanet Boosts Bitcoin Holdings to 4,855 BTC with $28.2M Purchase, Eyes 10,000 BTC by 2025

Metaplanet Inc., a publicly listed company on the Tokyo Stock Exchange, has announced the acquisition of an additional 330 Bitcoin at an average price of $85,454 per BTC, valued at approximately $28.2 million. This purchase increases Metaplanet’s total Bitcoin holdings to 4,855 BTC, now worth over $414.5 million. The acquisition is part of Metaplanet’s ongoing Bitcoin Treasury Operations, reflecting the company’s ‘Japanese Strategy’ to accumulate Bitcoin amidst market uncertainty. This move aligns with their broader goal to reach 10,000 BTC by the end of 2025, as part of their Bitcoin treasury strategy. This is the third purchase Metaplanet has made this month, positioning them as the tenth-largest public holder of Bitcoin. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant