Japanese Investment Firm Metaplanet Expands Bitcoin Holdings with New Major Purchase
Japanese investment firm Metaplanet has expanded its Bitcoin holdings to 2,100 BTC, now controlling 0.01% of the total supply.
The latest acquisition added 68.59 BTC for $6.6 million at an average price of $96,335 per coin. This purchase aligns with its broader strategy to strengthen its Bitcoin reserves.
The firm also secured $20 million in equity funding within just two days as part of its Bitcoin-focused expansion.
In addition, it announced a 1-for-10 stock split set for April 1, 2025, following a similar move eight months ago.
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The Most Hyped Crypto Project Pi Network Crashes After LaunchMetaplanet’s approach mirrors that of another major player known for aggressively increasing its Bitcoin treasury. Investor confidence remains strong, with the company’s shares rising over 1% to JPY 6,260.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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