Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin

Bitcoin Magazine

Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin

Metaplanet Inc. has acquired an additional 145 bitcoin for approximately ¥1.926 billion ($13.6 million), reaching a significant milestone of 5,000 BTC in total holdings. The Tokyo Exchange-listed company executed the purchase at an average price of ¥13,280,472 ($93,327) per bitcoin.

Metaplanet’s bitcoin treasury is acquired for $428.1 million, with an average acquisition cost of $85,621 per coin. “This is a big step forward in our aim to become one of the world’s leading bitcoin holding companies,” Metaplanet CEO Simon Gerovich said in a statement. “We will lead the global bitcoin race from Japan.”

The company’s aggressive accumulation strategy follows its successful capital raise in mid-2024, structured through zero-discount moving strike warrants. The funding was dubbed “Asia’s largest-ever” bitcoin-focused capital raise.

Metaplanet’s proprietary BTC Yield metric, which measures bitcoin-per-share growth, reached 121.1% YTD. The company aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

The company’s bitcoin strategy mirrors that of U.S.-based Strategy, with both firms focusing on bitcoin as a treasury reserve asset. Metaplanet now ranks among the top 10 publicly listed bitcoin holders globally.

The acquisition comes as bitcoin trades around $92,800, with institutional interest continuing to grow through various investment vehicles including ETFs and corporate treasury allocations.

This post Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.