#MetaplanetBTCPurchase

In July 2024, Japanese investment firm Meta planet Inc. expanded its Bitcoin holdings by purchasing an additional 42.47 BTC for approximately $2.5 million, bringing its total to 203.73 BTC. Despite Bitcoin's price decline, Meta planet continues to invest, acquiring BTC at an average price of around $62,000 per coin, about 7% higher than the market rate at the time. The company adopted Bitcoin as a treasury asset in April 2024, initially investing $6.5 million. Meta planet's strategy mirrors that of MicroStrategy, reflecting a strong belief in Bitcoin's long-term value.