Japanese investment firm Metaplanet, dubbed “Japan’s Strategy,” has increased its Bitcoin (BTC) holdings to 2,100 BTC, securing 0.01% of the total Bitcoin supply that will ever exist. Metaplanet Increases Bitcoin Holdings to 2,100 BTC with Latest $6.6 Million Purchase The company purchased an additional 68.59 BTC for $6.6 million at an average price of $96,335 per BTC. The purchase is part of Metaplanet’s ambitious “21 Million Plan,” an initiative to strengthen its Bitcoin treasury strategy. Share Increase and Share Split Announcement According to Dylan Le Clair, Metaplanet successfully raised $20 million in equity capital in just the first two trading days of its Bitcoin-focused expansion strategy. Additionally, the company announced a 1-for-10 stock split that will take effect on April 1, 2025. This was a notable move just eight months after executing a 1-for-10 reverse stock split. Metaplanet shares rose over 1%, seeing a positive market reaction, and are currently trading at JPY 6,260. Metaplanet’s Bitcoin accumulation strategy is similar to that of Strategy, which has been aggressively increasing its BTC holdings as part of its long-term treasury reserve strategy. *This is not investment advice. Continue Reading: Japanese Investment Company Metaplanet Continues to Implement ''21 Million Plan''! They Bought Bitcoin Again! Here Are the Details
