Metaplanet confirms $451m Bitcoin spend as treasuries ride crypto market price wave

Metaplanet, Japan’s biggest Bitcoin treasury, snapped up $451 million worth of Bitcoin between October and December. In an official filing, Metaplanet said it paid an average of $105,412 per coin, taking its total Bitcoin holdings to $3.78 billion. The firm also estimated its Bitcoin income business, which offers Bitcoin derivative-related services, generated $55 million in revenue last year, “exceeding” its expectations. Digital asset treasuries are experiencing a resurgence after a disappointing end ...