Metaplanet Doubles Down on Bitcoin Bet with 1,088 BTC Purchase

Another bold move in crypto’s wild west—Metaplanet just loaded up on 1,088 more BTC. Because nothing says ’stable investment strategy’ like chasing volatility with institutional capital.

Who needs balance sheets when you’ve got diamond hands, right?

Metaplanet gains general attention

Metaplanet is breaking the containment of Japanese investments. In the past few days, the company has increased its search volumes, originating from other developed crypto markets. Searches for ‘Metaplanet Inc.’ are up 300%, originating from the USA, Canada, and top crypto markets in the Euro area.

Metaplanet is also getting close to building a $1B treasury, within a small price hike or another acquisition. The company also aims to retain a favorable ratio of assets to liabilities, by paying back older bonds. 

Recently, the stock price saw rapid increase on the German market, sparking a new round of investor and social media interest. Metaplanet has continued buying even when other treasury companies had a pause due to market volatility.

Metaplanet has kept a high-visibility profile on social media, often planning its acquisitions close to the schedule of Strategy.

Despite the efforts, Metaplanet is still outside the top 10 of public company treasuries, as other new buyers hold larger legacy reserves from mining or previous acquisitions.

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