Metaplanet (OTC:MTPLF), the Tokyo-listed investment firm, announced the purchase of an additional 1,234 Bitcoin (CRYPTO: BTC) on Wednesday, bringing its total Bitcoin holdings to 12,345 BTC.
Based on current prices, the company’s total Bitcoin treasury now exceeds $780 million.
The latest purchase reaffirms Metaplanet’s aggressive strategy of using stock issuances and bond offerings to continuously expand its Bitcoin reserves.
The firm views Bitcoin as a core balance sheet asset and has been actively scaling its exposure through frequent acquisitions.
Why It Matters: The move comes as institutional interest in Bitcoin is gaining substantial momentum.
U.S. spot Bitcoin ETFs have recently seen a surge in inflows, with BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) fund alone attracting $340.3 million in a single …