Metaplanet, Japan’s "Bitcoin Treasury," Expands Holdings to 8,888 BTC**
▪️Metaplanet, often called the "Japanese MicroStrategy," has added **1,088 Bitcoin** (worth ~$117 million) to its reserves at an average price of **$108,072 per BTC**. The firm’s total holdings now stand at **8,888 BTC**, with a total investment of roughly **$851 million**.
▪️Despite its stock (ticker: 3350) skyrocketing **5,000%** in the past year, Metaplanet’s share price remains far below its 2013 peak. The company’s prolonged slump reversed only after pivoting to a **Bitcoin-focused strategy**.
▪️Earlier this year, Metaplanet revealed plans to raise **¥116 billion (~$745.5 million)** to fast-track Bitcoin purchases, citing the **yen’s depreciation** and BTC’s surge to new highs. The firm stressed its urgency to buy crypto "**as quickly as possible**" amid favorable market conditions.
