Metaplanet Buys 620 BTC for $60M, Hits New Record
Japanese investment firm Metaplanet made its biggest Bitcoin purchase ever, buying 620 BTC for $60M at $96K each. This brings its total holdings to 1,762 BTC, worth $168M, making it the 12th largest public BTC holder.
The company plans to expand its Bitcoin strategy by adding loans and other financial tools to grow its treasury. Despite recent stock dips, Metaplanet shares are up 2,100% this year, showing strong investor confidence.