Metaplanet Buys IDR 982.5 Billion in Bitcoin Amid Market Crash
Metaplanet, a Japanese investment firm, strengthened its position in the Bitcoin market with an acquisition worth ¥9.5 billion or around IDR 982.5 billion. The company acquired 619.7 BTC at an average price of ¥11,845,022 or around IDR 1.2 billion per Bitcoin. This is Metaplanet's largest acquisition since May 2024 and four times the acquisition last October. Metaplanet's total Bitcoin holdings now stand at 1,762 BTC, worth around US$168 million, placing it as the 14th largest Bitcoin owner among public companies. Metaplanet's BTC Yield indicator also increased by 310% from October to December 2024.
