Metaplanet Adds $61.4M in Bitcoin, Strengthening Its Bet on Crypto

Metaplanet, a Japan-listed company, is doubling down on Bitcoin. The firm just picked up another 518 BTC for about $61.4 million, paying an average of $118,519 per coin. This latest buy pushes Metaplanet’s total stash to a massive 18,113 BTC, worth roughly $1.85 billion. The holdings has been purchased at an average price of $101,911. The move is part of the company’s ongoing strategy to build a strong Bitcoin reserve, showing its confidence in the cryptocurrency’s long-term value. With every purchase, Metaplanet cements its place among the biggest corporate Bitcoin holders, riding the momentum as more institutions join the crypto game.