Metaplanet acquires additional 108 BTC in efforts to dethrone Meitu as Asia’s top Bitcoin holder
Summary
Japanese investment firm Metaplanet has increased its Bitcoin holdings to over 700 BTC after purchasing an additional 108.999 BTC for ¥1 billion on October 11. This marks the firm's third Bitcoin purchase in October, bringing total holdings to 748.502 BTC, valued at ¥6.965 billion or $46.8 million. The average purchase price is ¥9.3 million per BTC, resulting in a slight loss with Bitcoin trading at around $60,600. Despite this, Metaplanet's stock has risen by about 500% year-to-date. The firm aims to accumulate at least 1,000 BTC, potentially surpassing Meitu Inc. as the largest Bitcoin holder in Asia.
