Metaplanet tops $400M Bitcoin holdings with new $28M purchase
Summary
Metaplanet, a Japanese investment firm, has increased its Bitcoin holdings to over $400 million by acquiring 330 Bitcoin for $28.2 million at an average price of $85,605 per BTC. This brings its total to 4,855 Bitcoin valued at $414 million. The firm's Bitcoin yield has exceeded 119% year-to-date. Metaplanet issued 2 billion Japanese yen ($13.3 million) in bonds to finance this purchase. It is now Asia's largest and the world's 10th-largest corporate Bitcoin holder. Metaplanet aims to accumulate 21,000 BTC by 2026 to promote Bitcoin adoption in Japan. Analysts predict that Bitcoin's price may exceed $1.8 million by 2035, driven by its recognition as a superior savings technology.
