Metaplanet Adds 1,088 Bitcoin for $117 Million, Taking Holdings to 8,888 BTC

Japanese listed company Metaplanet Inc. said it acquired an additional 1,088 Bitcoin for about $117 million on 2 June, paying an average of roughly $108,000 per token.

The latest purchase lifts the firm’s reserves to 8,888 BTC, worth more than $930 million at prevailing market prices, deepening its strategy of using the cryptocurrency as a principal treasury asset and drawing comparisons with U.S. software firm MicroStrategy.

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