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Investing.com-- Tokyo-listed Metaplanet Inc (TYO:3350) boosted its Bitcoin treasury by an additional 797 Bitcoin, the company announced on Monday, as the world’s leading cryptocurrency climbed to a fresh all-time high above $121,000.
The purchase was executed at an average price of roughly $117,451 per Bitcoin, bringing its total reserves to 16,352 BTC, underscoring its aggressive accumulation strategy.
Bitcoin was last trading at $121,010.4 as of 04:19 GMT, after briefly hitting a record high of $121,156.4.
Metaplanet, originally a hotel operator pivoting into crypto, now positions itself among the top public corporate holders of Bitcoin.
The surge is attributed to rising institutional adoption, buoyed by expectations around upcoming U.S. regulatory developments and strong inflows into spot Bitcoin exchange‑traded funds.
Metaplanet shares were largely unchanged on Monday.