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Metaplanet Doubles Down: Japan’s Crypto Giant Snaps Up 797 Bitcoin as BTC Soars Beyond $120K

Metaplanet Doubles Down: Japan’s Crypto Giant Snaps Up 797 Bitcoin as BTC Soars Beyond $120K

Author:
Coindesk
Published:
2025-07-14 04:17:18
17
3

Japan’s Metaplanet Buys 797 Bitcoin as BTC Breaks Past $120K

Tokyo-based Metaplanet just made its boldest Bitcoin bet yet—grabbing 797 BTC as prices smash through $120,000. Here’s why corporate treasuries are scrambling to catch up.

The move signals a seismic shift in institutional crypto adoption—while traditional finance still debates 'digital gold,' forward-thinking firms are loading the boat. Metaplanet’s latest haul follows its initial 100 BTC purchase in April, proving even conservative markets can’t ignore the math.

Meanwhile, Wall Street analysts remain busy downgrading Tesla stock for buying Bitcoin at $30K. Some lessons take longer to learn.

|Square

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