news 
Metaplanet Makes Largest BTC Purchase to Date Despite Bitcoin Price Correction
Metaplanet has doubled down on its Bitcoin investment strategy by making the largest single purchase of BTC to date, despite a recent price correction. The Japan-based company has increased its holdings to $168 million, solidifying its position as a key player in corporate Bitcoin investment.
According to reports, Metaplanet has acquired nearly 620 BTC, valued at around $60.6 million, through its Bitcoin Treasury Operations. This latest transaction surpasses all previous records and brings the total value of the company’s BTC holdings to approximately $168 million.
In a surprising move, Metaplanet has chosen to amplify its investment in the world’s largest cryptocurrency despite a 9.8% drop in Bitcoin’s value over the past week. The sudden downturn in price may have caused concern among other investors, but not for Metaplanet. By choosing to buy more BTC, the company is demonstrating its unwavering commitment to its strategy of using Bitcoin as a treasury asset.
Metaplanet’s decision to increase its holdings comes on the heels of an impressive 310% BTC yield increase between October 1 and December 23, 2024. The company has been aggressively accumulating Bitcoin since May, mirroring the investment approach of US-based MicroStrategy.
Source: cryptopotato.com
