Japanese investment company Metaplanet has acquired 107.913 BTC worth approximately $6.9 million, bringing its total Bitcoin holdings to 506.745 BTC.
Metaplanet's CEO, Simon Gerovich, expressed plans for further Bitcoin acquisitions and aims to accumulate 1,000 BTC.
Metaplanet ranks as the second-largest institutional Bitcoin holder in Asia, after Meitu Inc., and has outperformed traditional financial assets with a stock surge of 443% since adopting the Bitcoin standard.
The firm's Bitcoin-only treasury strategy has been attributed to its strong stock performance and positioning among the top 25 institutional Bitcoin holders globally.