Metaplanet Becomes Top Bitcoin Holder in Japan with 2,100 BTC
The Tokyo-listed firm now owns 0.01% of Bitcoin's total supply, following a $6.6 million purchase of 68 BTC.
- Metaplanet acquired 68 Bitcoin at an average price of $96,335 per BTC, bringing its total holdings to 2,100 BTC worth over $200 million.
- The company now holds 0.01% of Bitcoin's total supply, solidifying its position among the top 15 corporate Bitcoin holders globally.
- Metaplanet has adopted Bitcoin as a core financial strategy to hedge against Japan's economic challenges, including high national debt and currency depreciation.
- The firm recently launched its '21 Million Plan,' aiming to raise significant capital and expand its holdings to 10,000 BTC by the end of 2025.
- Metaplanet's stock has seen positive performance, gaining nearly 27.5% over the past month and 2.8% in the last trading day.