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Japanese investment firm Metaplanet has made a significant move by purchasing an additional $126.7 million worth of bitcoin. This latest acquisition brings the company’s total holdings to 6,796 BTC surpassing the bitcoin reserves of El Salvador. Metaplanet’s recent purchase of 1,241 BTC at an average price of $102,119 per bitcoin shows its commitment to expanding its crypto strategy.
CEO Simon Gerovich shared the news via X stating that the firm now holds $706.7 million worth of bitcoin based on current market prices. The firm aims to reach 10,000 BTC by the end of 2025. Metaplanet’s rise to surpass El Salvador highlights the growing influence of corporate bitcoin adoption in the global market.
Metaplanet began its bitcoin journey in April 2024 and has since financed its acquisitions through bond issuances. The company remains Asia’s largest publicly listed corporate bitcoin holder ranking 11th worldwide. The firm continues to challenge traditional financial systems with its strategic crypto investments.
