Metaplanet, an investment company based in Japan, has just completed the largest Bitcoin purchase to date, despite a 9.8% decline in Bitcoin over the past week. The company bought 619.7 BTC, worth approximately 60.6 million USD, bringing their total Bitcoin holdings to 1,761.98 BTC, valued at nearly 168 million USD. 📈
Metaplanet has leveraged capital market activities to finance the Bitcoin purchase, including issuing stocks and zero-interest bonds. The company forecasts its first operational profit after seven years thanks to using Bitcoin as a treasury asset. This marks a significant turnaround after years of losses. 🚀