Japan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.2 billion yen ($67 million), bringing their total stash to 4,046 BTC.
The purchase follows Metaplanet's recent 10-to-1 reverse stock split and issuance of bonds to buy more BTC.
Metaplanet aims to accumulate 21,000 BTC by 2026 and currently ranks as the ninth-largest corporate Bitcoin holder globally.
During a period of institutional dip buying, Metaplanet's investment aligns with ongoing confidence in Bitcoin despite global market uncertainty.