Japanese company Metaplanet, a hotel and investment firm, just bought another $115.6 million worth of Bitcoin (BTC)! That’s a whopping 1,088 BTC, bringing their total stash to a lucky 8,888 BTC.
A Growing Bitcoin Empire
With Bitcoin’s current price, Metaplanet’s Bitcoin holdings are now worth almost $945 million. Their stock is also doing incredibly well, up a massive 263% this year.
CEO’s Bitcoin Obsession
CEO Simon Gerovich calls their 8,888 BTC a “symbol of abundance” and a “lucky number.” He’s previously admitted to worrying daily about not owning enough Bitcoin, saying, “The window to buy won’t stay open forever… At Metaplanet, we’re accumulating as much as we can so our shareholders can relax.” He also predicts more financial institutions will jump on the Bitcoin bandwagon.
Future Plans: Bitcoin Hotel & Beyond
Metaplanet is aiming for 10,000 BTC by the end of 2025 and a whopping 21,000 BTC by 2026. They’re also busy renovating their Tokyo hotel, planning to rebrand it as “the Bitcoin Hotel.” Currently, they’re the 11th largest corporate Bitcoin holder.
