Japan-based investment firm Metaplanet Inc. announced that it has purchased 107,913 more Bitcoins worth approximately $6.9 million. With this purchase, the company increased its Bitcoin holdings to 506,745 BTC, marking a strategic growth in its reserves. As Metaplanet continues to adopt Bitcoin as a treasury reserve, it announced the average price of its purchases as $64,931.
The company, which considers Bitcoin as a strategic reserve asset, reinforced its confidence in the crypto market with this move. The company's aggressive Bitcoin purchases have propelled it to the top of the largest institutional Bitcoin investors. Meanwhile, MicroStrategy remains the leading institutional Bitcoin holder.
