Metaplanet, a Japanese investment and consulting firm that's publicly traded, is showing strong confidence in Bitcoin.
Even though Bitcoin prices have been down recently, Metaplanet has decided to increase its investment in the cryptocurrency.
On July 7th, they officially announced another Bitcoin purchase. This time, they bought 42,466 Bitcoin for $2.5 million.
With this new addition, Metaplanet now holds a total of 203,734 Bitcoin. The average price they paid for each Bitcoin is around $62,000. Interestingly, this is higher than the current market price of Bitcoin. This bold move by Metaplanet suggests that they believe Bitcoin's value will rise in the future, despite the current market conditions.
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