Japanese agency Metaplanet has develop into the eighth-largest public holder of Bitcoin after buying 1,088 Bitcoin for about $117.9 million at a median value of $108,400 per coin, in keeping with a June 2nd announcement on X.
*Metaplanet Acquires Further 1,088 $BTC, Whole Holdings Attain 8,888 BTC* pic.twitter.com/X2clAIKNbR
— Metaplanet Inc. (@Metaplanet_JP) June 2, 2025
This acquisition brings the corporate’s whole Bitcoin holdings to greater than 8,888 Bitcoin, surpassing Block Inc. and Galaxy Digital, based mostly on Bitbo’s rankings.
The acquisition alerts continued institutional urge for food for Bitcoin, even at six-figure value ranges, and comes amid mounting financial strain in Japan’s bond market.
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