Metaplanet becomes 8th largest Bitcoin holder with $118M buy

Metaplanet now ranks as the ninth-largest corporate Bitcoin holder with over 8,888 BTC, surpassing Galaxy Digital and Block Inc. after a $117.9 million purchase.

Japanese investment company Metaplanet has become the world’s eighth-largest corporate holder of Bitcoin, continuing its aggressive strategy to promote Bitcoin adoption across Asia.

The company acquired an additional 1,088 Bitcoin (BTC) at an average price of $108,400 per coin for a total of $117.9 million, the investment firm announced in a June 2 X post.

The latest acquisition pushed Metaplent’s total holdings to over 8,888 BTC, making it the world’s eighth-largest corporate Bitcoin holder, surpassing Galaxy Digital Holdings’ 8,100 BTC and Block Inc.’s 8,485 BTC, according to Bitbo data.

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