Japanese public company Metaplanet keeps buying Bitcoin for its “strategic treasury reserve asset.”

Japanese investment firm Metaplanet Inc., based in Tokyo, has spent an additional $1.26 million to buy more Bitcoin (BTC), increasing its holdings beyond 200 BTC as the largest cryptocurrency by market capitalization soared above $63,000.

In a regulatory filing, Metaplanet disclosed the acquisition of 21.877 BTC for ¥200 million yen (approximately $1.259 million), averaging $57,623 per BTC. The latest purchase raises the firm’s total Bitcoin reserves in its “strategic treasury reserve” to over 225.6 BTC.

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The purchase comes just a week after Metaplanet acquired over 40 BTC for ¥400 million (around $2.4 million at the …