Metaplanet adds 1,112 BTC for $116.5M.
Total Bitcoin holdings reach 10,000 BTC.
Purchase price averages $104,760 per BTC.
BTC transferred to secure cold wallet.
Move signals strong crypto confidence.
Massive Bitcoin Purchase Bolsters Holdings
Metaplanet recently acquired 1,112 Bitcoin (BTC) for $116.5 million, priced at $104,760 per coin. This transaction elevates the company’s total Bitcoin holdings to 10,000 BTC, valued at $1.06 billion. Blockchain data verifies the transfer from QCP Capital to Metaplanet’s secure cold wallet.
The purchase underscores Metaplanet’s aggressive cryptocurrency strategy. The firm has steadily increased its Bitcoin portfolio, positioning the asset as a core financial component.
Strategic Move in Crypto Market
Metaplanet’s latest acquisition aligns with growing institutional interest in Bitcoin. The 1,112 BTC buy reflects confidence in the cryptocurrency’s long-term value. Industry sources note the transaction’s scale, highlighting Metaplanet’s commitment to digital assets.
The company’s cold wallet now safeguards 10,000 BTC, a significant milestone. This move may influence other firms eyeing Bitcoin as a hedge against market volatility
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