Metaplanet Doubles Down: $61M Bitcoin Buy Signals Bullish Bet on Crypto Future
Another corporate whale splashes into Bitcoin's waters—this time with a $61 million vote of confidence.
Why institutions keep stacking sats
Metaplanet's latest purchase mirrors MicroStrategy's playbook: converting shaky fiat into hard-capped digital gold. The Tokyo-based firm now joins the ranks of public companies using BTC as both treasury asset and inflation hedge.
Market shrugs (for now)
Despite the nine-figure buy, Bitcoin's price barely flinched—proving even $61M is pocket change in today's crypto markets. Traders yawned while purists cheered another brick in Bitcoin's institutional adoption wall.
The cynical take
Nothing boosts a stock price like slapping 'blockchain' or 'Bitcoin' into your earnings report. Ask any former shoe company turned crypto-mining 'pioneer'.
One thing's clear: The great corporate Bitcoin accumulation game isn't slowing down—it's just getting started.
Japan-listed firm Metaplanet has increased its Bitcoin holdings, purchasing 518 BTC for approximately $61.4 million at an average price of $118,519 per coin. Following this move, the company now holds a total of 18,113 BTC, worth around $1.85 billion, with an average purchase price of $101,911 per bitcoin. This latest acquisition underscores Metaplanet’s ongoing commitment to Bitcoin as a key asset in its treasury strategy.
