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07 October, 2024

Metaplanet Doubles Down on Bitcoin with $6.7 Million Purchase

07 October, 2024

Metaplanet Strengthens Bitcoin Holdings with $6.7 Million Purchase

Japanese metaverse platform, Metaplanet, has further solidified its commitment to Bitcoin by acquiring an additional 108.8 BTC. This latest purchase, valued at approximately $6.7 million, brings the company’s total Bitcoin holdings to a significant amount.

The acquisition was made at an average price of just under 9.2 million yen per coin, demonstrating Metaplanet’s confidence in Bitcoin’s continued growth. This strategic move highlights the company’s belief in Bitcoin’s potential as a digital asset and its role in shaping the future of finance.

Metaplanet’s decision to allocate a significant portion of its resources to Bitcoin underscores the growing adoption of cryptocurrencies within the metaverse space. As the metaverse continues to evolve, the integration of blockchain technology and digital assets like Bitcoin is becoming increasingly crucial.