Metaplanet Buys 106 BTC, Total Holdings Now Valued at $56M

Metaplanet, a company listed on the Tokyo Stock Exchange, has once again expanded its bitcoin (BTC) reserves. On Monday, the firm revealed the purchase of 106.976 BTC for approximately ¥1 billion. This acquisition comes shortly after a similar buy last week, where 108.99 BTC was added to its holdings. With these recent additions, Metaplanet now holds a total of 855.478 BTC, valued at $56.37 million using current BTC exchange rates. Throughout 2024, the company has steadily increased its bitcoin reserves, demonstrating a clear dedication to the leading cryptocurrency. Simon Gerovich, Metaplanet’s CEO, has shared his ambition of accumulating at least 1,000 BTC for the firm’s reserves. As the company continues to close in on that objective, it’s clear they are advancing swiftly toward this goal.