Metaplanet, a Japanese investment firm, has purchased 1,004 Bitcoin for approximately $104.3 million, increasing its total holdings to 7,800 BTC, valued at around $806 million. This acquisition solidifies Metaplanet's position as the largest publicly listed corporate Bitcoin holder in Asia and the 11th largest globally.
Metaplanet CEO Simon Gerovich defends the company's bitcoin treasury approach, emphasizing long-term value creation despite recent share price declines. He highlights the company's substantial bitcoin holdings and asserts confidence in their strategy to achieve significant corporate growth in the future.