Metaplanet Sets Bitcoin Record with $96 Million Purchase of 797 BTC
Metaplanet has taken a major step in the cryptocurrency landscape by purchasing 797 Bitcoin tokens worth a staggering $96 million. This acquisition elevates Metaplanet to Asia’s largest corporate owner of Bitcoin, amassing a total of 16,352 BTC. The company is emulating MicroStrategy’s approach by using Bitcoin as a reserve asset. This strategy positions it to acquire valuable businesses in the digital finance sector. Metaplanet’s bold move illustrates a growing trend among corporations to integrate cryptocurrency into their financial strategies, signaling a positive outlook for Bitcoin and its future in corporate portfolios.