Japan-based Metaplanet has announced a significant addition to its Bitcoin holdings, purchasing 696 BTC for approximately $67 million. This acquisition increases their total Bitcoin stash to 4,046 BTC, valued at over $341 million. The purchase aligns with the firm's broader goal of acquiring 21,000 BTC by 2026 while spearheading Bitcoin adoption in Japan. The timing of this investment follows a recent 10-to-1 reverse stock split aimed at improving investor accessibility and liquidity by lowering the trading price of their shares. Following the stock split, Metaplanet's share price became a barrier for retail investors, prompting the company to alter its structure. In addition to Metaplanet's strategy, the article mentions that notable institutional figures, such as Michael Saylor, continue demonstrating confidence in Bitcoin amidst global economic uncertainty, collectively accumulating significant amounts of Bitcoin.

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