Key Takeaways
- Metaplanet acquired 797 BTC for $93.6 million, raising total holdings to 16,352 BTC.
- The company aims to hold over 210,000 BTC by 2027, and is considering borrowing against its holdings for acquisitions.
- Metaplanet is now the fifth-largest public corporate bitcoin holder as bitcoin trades above $120,000.
Japanese investment firm Metaplanet has purchased 797 more bitcoin for approximately $93.6 million, as the company continues its aggressive accumulation strategy during a period of all-time high prices.
Metaplanet CEO Simon Gerovich announced the acquisition on X, stating that the company acquired the new tranche at an average price of around $117,451 per bitcoin. This brings Metaplanet’s total holdings to 16,352 BTC, acquired for $1.64 billion.
Ongoing accumulation
Gerovich commented on the ongoing accumulation:
“Another week, another tranche.”
5th largest holder
Metaplanet now ranks as the fifth-largest publicly traded corporate holder of bitcoin, following Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms.
Michael Saylor’s Strategy remains the leader, with over 597,000 BTC.
Company shift
The company shifted from hotel management to a bitcoin-focused treasury strategy last year and recently set a target to surpass 210,000 BTC by the end of 2027.
In a recent interview, Metaplanet revealed plans to borrow against its bitcoin holdings to acquire cash-generating businesses, though these plans remain in early stages.
In the second quarter, Metaplanet reported revenue of nearly 1.1 billion yen ($7.6 million), a 42.4% increase year-over-year.
Bitcoin recently reached new all-time highs above $120,000, and Metaplanet’s stock price rose 1% to 1,580 yen following the announcement.
For more information on Metaplanet’s current and historical bitcoin holdings, see the Metaplanet bitcoin treasury tracker.
