Japan-based Metaplanet has acquired $132 million in Bitcoin as part of an expansion of its treasury holdings into the United States market, according to Decrypt.
The company, which is based in Japan, is building its Bitcoin reserves across geographies. The $132 million acquisition marks Metaplanet’s entry into the US Bitcoin treasury space.
Metaplanet did not name the counterparties involved in the transaction. The company also did not disclose the specific date of the acquisition, the quantity of Bitcoin acquired, or the price per coin at which the purchase occurred.
The structure of the deal remains unspecified. Metaplanet has not clarified whether the $132 million represents a direct purchase, a loan arrangement, a custody agreement, or another form of treasury arrangement.
No statements from Metaplanet leadership were available regarding the transaction or the company’s broader strategy for its US Bitcoin holdings.
