Metaplanet is on a Bitcoin buying spree. Just weeks after announcing its largest-ever purchase of $632 million in BTC, the Japanese firm has acquired another $623 million worth, adding 5,268 coins to its treasury.
This relentless accumulation has propelled Metaplanet into the elite circle of corporate Bitcoin holders, now ranking fourth globally behind only MicroStrategy, MARA Holdings, and Tesla, with a total of 30,823 BTC.
The company bought the latest tranche at an average price of $118,328 per Bitcoin. This aggressive strategy is being supported by strong business fundamentals; the firm recently revealed a quarterly revenue of $16.5 million, a growth of over 115% from the previous quarter, providing a solid base for its continued crypto investments.
