Metaplanet, a Japanese Bitcoin treasury company, recently made a significant purchase of 150 Bitcoins, worth approximately $12.6 million, with each Bitcoin costing around $83,671.This purchase is part of the company's ambitious plan to acquire 21,000 BTC by 2026. As of the latest update, Metaplanet's total holdings stand at 3,200 BTC, valued at around $261.8 million.
The company has been funding its Bitcoin purchases by issuing common shares, with around 44 million shares issued to date. This strategy has garnered significant investor interest, earning Metaplanet the nickname "Asia's MicroStrategy" due to its similarities with Michael Saylor's MicroStrategy.
