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Metaplanet Buys Another 1,088 Bitcoin For $117 Million — Now Owns 8,888 BTC

  • Metaplanet, a Tokyo-listed firm, purchased 1,088 Bitcoin for $117 million, bringing its total BTC holdings to 8,888.
  • The purchase indicates institutional confidence in the Bitcoin bull cycle, with Bitcoin reaching an all-time high in May.
  • Metaplanet aims to reach 10,000 BTC by the end of the year, following its aggressive Bitcoin accumulation strategy.
  • The firm issued $50 million in zero-interest bonds to fund BTC purchases without diluting existing equity, positioning itself for further Bitcoin adoption.

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