Japan-based company Metaplanet has announced the purchase of an additional 103 bitcoins, strengthening its position in the cryptocurrency market.
Purchase of 103 BTC
Metaplanet has increased its Bitcoin reserves by acquiring 103 BTC for approximately 1.736 billion yen (about $11.78 million).
Total Investment Amount
With this latest purchase, Metaplanet's total Bitcoin holdings have reached 18,991 BTC. The company's total crypto investments have grown to 285.833 billion yen (approximately $1.942 billion).
Company Strategy
Metaplanet views Bitcoin as a long-term reserve asset, positioning it as a key strategic asset on its balance sheet. The decision to increase its Bitcoin investments reflects the rising interest in digital assets among institutional players.
With its recent acquisitions, Metaplanet has become one of the largest institutional Bitcoin investors in Asia, and it is anticipated that the company will continue to expand its Bitcoin reserves.
