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Metaplanet has purchased an additional 775 Bitcoin for $93 million, expanding its corporate treasury holdings to 18,888 BTC. The move comes despite Bitcoin’s recent price downturn, signaling the firm’s long-term conviction in its crypto strategy.
- Metaplanet's Bitcoin holdings now total 18,888 BTC, acquired at an average price of $102,000 per coin.
- Analysts warn that corporate Bitcoin buying at this scale could tighten liquidity and amplify short-term price volatility.
- The firm's pivot to Bitcoin follows six years of losses in its former hotel business, mirroring Michael Saylor's corporate treasury strategy.
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