#MetaplanetBTCPurchase
Meta planet, a Japanese investment firm, has made a significant move in the crypto space by purchasing 1,112 Bitcoin worth $117.2 million, bringing its total Bitcoin holdings to 10,000 BTC.
This strategic accumulation reflects Meta planet's growing confidence in Bitcoin as a long-term store of value.
The company's stock surged over 20% after announcing the latest Bitcoin buy and a $210 million bond issuance to buy even more.
Meta planet aims to hold 210,000 BTC by the end of 2027, positioning itself among the top corporate holders of Bitcoin.
Its average acquisition price for the 10,000 BTC stands at $96,400 per Bitcoin .
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