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Japanese bitcoin treasury firm Metaplanet has strengthened its crypto strategy by purchasing an additional 103 BTC worth $11.7 million. The company revealed Monday that the latest acquisition was made at an average price of $113,491 per bitcoin, boosting its total holdings to 18,991 BTC.
President Simon Gerovich announced that Metaplanet has so far spent $1.95 billion on bitcoin, averaging $102,712 per coin. Since launching its accumulation strategy in April 2024, the firm has climbed to seventh place globally in public corporate bitcoin reserves, according to Bitcointreasuries data.
In another milestone, Metaplanet was officially added to the FTSE Japan Index during the September review. The upgrade from small-cap to mid-cap stock marks growing recognition of the company’s bitcoin-focused model. Gerovich hailed the move as a step forward in Metaplanet’s mission to become Japan’s leading bitcoin treasury company.
