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Japan’s Metaplanet Scoops Another 108 Bitcoin, Inches Closer To 1000 BTC Target

  • Japanese investment firm Metaplanet has acquired an additional 108 Bitcoin (BTC), bringing its total holdings to over 748 BTC.
  • Metaplanet's average buying price for BTC is around $62,500, resulting in a potential loss if liquidated today.
  • The firm aims to accumulate at least 1,000 BTC, according to CEO Simon Gerovich.
  • Metaplanet's Bitcoin strategy is similar to that of MicroStrategy, which holds the largest Bitcoin reserves in the world.

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