Metaplanet Inc., based in Tokyo, is a well-established company involved in hotel asset management and operations. The company made headlines by acquiring an additional 108.786 Bitcoins at an approximate cost of $6.7 million, with an average price of around 61.9k per Bitcoin.
This acquisition has increased Metaplanet's total Bitcoin holdings to 639.503, valued at approximately $40.5 million. The significant investment in Bitcoin led to a 13% surge in Metaplanet's stock price, reflecting market confidence in cryptocurrency investments.
This move underscores a growing trend among traditional asset management firms to diversify into cryptocurrencies, particularly Bitcoin, as part of their financial strategy.
