Key Takeaways
- Metaplanet purchased an additional 160 BTC for $13.3 million.
- The company now holds 4,206 BTC, worth roughly $356.2 million.
- It aims to reach 10,000 BTC by 2025 and 21,000 BTC by 2026.
Metaplanet has added another $13.3 million in Bitcoin to its balance sheet, purchasing 160 BTC at an average price of $83,264 per coin.
The Tokyo-listed firm disclosed the acquisition on Wednesday, just a day after announcing its largest single purchase to date—696 BTC.
Total Holdings
With this latest transaction, Metaplanet now holds 4,206 BTC, acquired for approximately $359.8 million, according to CEO Simon Gerovich.
The firm’s current holdings are valued at around $356.2 million based on the latest market price of $84,526.
Market Position
This move solidifies Metaplanet’s status as Asia’s largest public corporate holder of Bitcoin and the ninth-largest globally, per data from BitcoinTreasuries.net.
Strategic Goals
Since initiating its Bitcoin strategy in April 2024, Metaplanet has aggressively expanded its holdings with the stated goal of reaching 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
Market Reaction
Metaplanet shares slipped 0.98% during Wednesday morning trading in Japan, while the Nikkei 225 index remained flat.
Bitcoin rose 1.6% over the last 24 hours, and The Block’s GMCI 30 index, tracking the top 30 cryptocurrencies, gained 0.7%.
