Bitcoin
Metaplanet Expands Bitcoin Treasury to 20,000 BTC With $69 Million Purchase
Japanese firm Metaplanet acquired 1,007 additional Bitcoin, expanding its total corporate treasury to 20,000 BTC.
Metaplanet announced the purchase of an additional 1,007 Bitcoin for approximately $69 million, bringing its total treasury to 20,000 BTC. The Japanese company completed the acquisition at an average price of $68,520 per token.
Following the transaction, Metaplanet's aggregate Bitcoin holdings are valued at over $1.38 billion. The company continues to implement a balance-sheet strategy centered on Bitcoin accumulation, distinguishing itself as a prominent corporate holder in the Asian market.
While accumulating corporate crypto holdings has established Metaplanet as an equity proxy for Bitcoin exposure, the strategy also ties corporate equity performance directly to digital asset price volatility.
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