Metaplanet, a Japanese hotel company, has made headlines by purchasing an additional 696 BTC, worth $58.5 million, boosting its total to 4,046 BTC. 🏨💰

- The company acquired Bitcoin at an average price of $97,500 per coin, spending a total of 10.15 billion yen.

- Metaplanet financed these buys through cash-secured BTC put options, a strategy that paid off with 770.3 million yen in revenue.

- This move positions Metaplanet as the ninth largest public holder of Bitcoin.

What do you think about companies investing heavily in Bitcoin? Share your thoughts in the comments!