Metaplanet Boosts Bitcoin Holdings to Record High

Metaplanet, a Japan-listed company, has made a significant move in the cryptocurrency market by expanding its Bitcoin treasury holdings to 40,177 BTC. This acquisition surpasses MARA Holdings as the third-largest corporate Bitcoin treasury, with the total value of the Bitcoins held amounting to approximately $2.6 billion.

The purchase was made at an average price of $79,898 per Bitcoin, resulting in a total investment of nearly $4.18 billion. This acquisition indicates that Metaplanet is committed to diversifying its assets and increasing its exposure to the cryptocurrency market.