Metaplanet, a Japanese public company, has bought 1,234 $BTC (~US $133 million at an average price of ~$107,560), bringing its total Bitcoin treasury to 12,345 BTC. With this move, Metaplanet surpasses Tesla’s holdings (~11,509 BTC) to claim the 7th largest corporate Bitcoin reserve in the world.
Why It Matters:
Corporate adoption is surging: More public firms are turning to Bitcoin as a treasury strategy, with over 240 companies now holding BTC cointelegraph.com+1cointelegraph.com+1.
Institutional momentum: These large-scale purchases validate Bitcoin’s reputation as an institutional asset, reinforcing its role as “digital gold.”