– Metaplanet, a Tokyo-based firm, bought 463 BTC ($53.7M) to raise total holdings to 17,595 BTC ($1.78B), reinforcing its digital asset strategy amid market volatility.
– The purchase at $115,895/BTC aligns with Bitcoin’s rebound near $114,500, driven by weak U.S. jobs data and Fed rate-cut expectations.
– Despite a $243.69M unrealized profit in its Bitcoin portfolio, the firm’s stock fell 36% monthly, highlighting a strategic shift toward crypto as core value driver.
– Metaplanet plans to raise $3.7B via perpetual preferred shares to expand its crypto treasury, potentially becoming Asia’s largest corporate Bitcoin buyer.
