Key Takeaways
- Metaplanet bought 135 BTC for $12.9 million at $95,951 per BTC.
- The firm's total Bitcoin holdings now stand at 2,235 BTC.
- Metaplanet aims to reach 10,000 BTC by the end of 2025.
Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $12.9 million purchase, acquiring 135 BTC at an average price of 14.3 million yen ($95,951) per coin.
The Tokyo-listed company announced the acquisition on Tuesday, pushing its total Bitcoin holdings to 2,235 BTC.
Growth strategy
Metaplanet has aggressively increased its Bitcoin reserves, up from 1,761 BTC at the end of 2024 and just 141 BTC in mid-2024.
The firm designated Bitcoin treasury operations as a core business in December, with plans to hold 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Stock performance
Despite the Bitcoin purchase, Metaplanet’s stock declined 1.3% during the morning trading session in Japan.
However, the stock remains up 67.5% year-to-date and has surged 233.7% over the past year, according to Google Finance.
Background
Metaplanet first announced its Bitcoin accumulation strategy in April 2024, following a similar playbook to U.S. firms like MicroStrategy.
With this latest acquisition, the company continues its aggressive push to grow its Bitcoin treasury.
