The Japanese investment company Metaplanet purchased an additional 797 $BTC for approximately $93.6 million. The organization's total Bitcoin reserves reached 16,352 coins (about $1.64 billion).
The purchase occurred against the backdrop of Bitcoin surpassing the psychologically important level of $120,000. Following the adoption of a BTC strategy last year, Metaplanet increased its revenue by 42.4% to 1.1 billion yen (≈$7.6 million) in the second quarter.
Metaplanet plans to use BTC as collateral to attract financing for the acquisition of profitable enterprises, expanding its digital financial services sector.
