Key Takeaways
- Metaplanet bought 68.59 BTC at an average price of $96,335 per coin.
- The firm now holds 2,100 BTC, valued at approximately $203 million.
- Metaplanet targets 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Japanese investment firm Metaplanet has continued its aggressive Bitcoin accumulation, purchasing an additional 68.59 BTC at an average price of $96,335 per coin.
The $6.6 million acquisition brings its total holdings to 2,100 BTC, valued at approximately $203 million.
Bitcoin strategy & goals
Since announcing its Bitcoin strategy in April 2024, Metaplanet has significantly expanded its holdings, up from just 141 BTC in mid-2024.
The company aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
Stock performance
Following the announcement, Metaplanet’s stock closed 2.78% higher at 6,290 yen on Thursday.
The company’s stock price has surged 80.75% since the start of the year and 427.24% over the past six months, significantly outperforming Japan’s Nikkei 225 index, which dipped 1.24% on the day.
Market position
Metaplanet now holds about 0.01% of Bitcoin’s total supply, solidifying its position as one of Japan’s most prominent Bitcoin investors.
