Key Takeaways
- Metaplanet acquired 1,234 additional bitcoin for $132.7 million.
- The Japanese firm now holds 12,345 BTC, surpassing Tesla in corporate bitcoin holdings.
- Metaplanet aims to secure 1% of bitcoin’s supply with a revised target of over 210,000 BTC by 2027.
Japanese investment firm Metaplanet has strengthened its bitcoin treasury by purchasing an additional 1,234 BTC at an average price of approximately $107,557 per coin, totaling about $132.7 million.
This acquisition, disclosed Thursday, follows Metaplanet’s announcement of a 74.9 billion yen ($515 million) stock issuance aimed at bolstering its bitcoin strategy.
Latest count
The latest purchase brings Metaplanet’s total holdings to 12,345 BTC, surpassing Tesla’s 11,509 BTC and making Metaplanet the seventh-largest publicly listed corporate holder of bitcoin.
Based on current market prices, Metaplanet now holds roughly $1.3 billion in bitcoin. For up-to-date information on the company’s current and historical holdings, see the Metaplanet bitcoin treasury tracker.
Ambitious growth plans
Metaplanet’s recent $515 million capital raise is part of its “555 million plan” to secure 1% of bitcoin’s total supply. The company began its bitcoin acquisition strategy in April 2024 and recently revised its goal to hold over 210,000 BTC by the end of 2027.
Metaplanet’s stock was down 0.94% as of Thursday noon in Japan, though it remains up 353.5% year-to-date. Over the past five days, the stock has dropped 12.2%.
Other major holders
Strategy, led by Michael Saylor, remains the top publicly listed corporate holder with 592,345 BTC, following its recent acquisition of 245 BTC. To view a comprehensive list of major public and private company bitcoin holdings, visit the institutional bitcoin treasuries database.
The company stated in its disclosure:
“Our latest acquisition demonstrates our continued commitment to bitcoin as a treasury asset.”
