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Metaplanet Boosts Bitcoin Holdings with $7M Purchase

  • Metaplanet, a US-based firm, has purchased $7M worth of Bitcoin, bringing its total holdings to almost 640 BTC.
  • Metaplanet follows a strategy similar to MicroStrategy, storing Bitcoin as its reserve currency instead of traditional instruments.
  • The company's stock price has tripled since adopting this strategy, rising over 532% in 2024 alone.
  • Metaplanet also uses advanced techniques like selling put options to grow its Bitcoin reserves without taking on more financial risk.

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