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Metaplanet’s Bitcoin Holdings Soar After $60M Latest Buy

  • Japanese investment firm Metaplanet has acquired 619.7 BTC for $60.6 million, increasing its total holdings to 1,761.98 BTC.
  • Metaplanet issued zero-interest bonds to finance the purchase and plans to expedite Bitcoin purchases using the funds raised.
  • The company's aggressive Bitcoin strategy has led to a 310% Bitcoin yield between October and December, with plans to expand BTC operations into a dedicated business line.
  • Despite its success, Metaplanet's stock fell on Monday, but the company continues to establish itself as a significant player in the cryptocurrency market.

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