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Metaplanet Doubles Down on Bitcoin—Snaps Up 1,004 More BTC, Portfolio Now Tops $800M
Metaplanet Doubles Down on Bitcoin—Snaps Up 1,004 More BTC, Portfolio Now Tops $800M
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Tokyo-based investment firm Metaplanet just dropped another $42 million on Bitcoin—because apparently, traditional equities are too mainstream. The latest 1,004 BTC purchase brings their total stash to a staggering 11,000+ coins, now worth over $800 million at current prices.
Why the obsession? Blame Japan’s negative interest rates and a weakening yen. While Wall Street hedgies fret over inflation, Metaplanet’s all-in crypto bet looks either brilliantly contrarian or recklessly early. No half measures here.
Fun fact: This puts them ahead of Michael Saylor’s MicroStrategy in BTC-per-market-cap terms. Take that, corporate HODLers.
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