Metaplanet Adds 780 BTC, Holdings Top 17,130 BTC
Japanese investment company Metaplanet has further cemented its commitment to Bitcoin by purchasing an additional 780 BTC. This acquisition increases their total holdings to 17,132 BTC, reinforcing Metaplanet's status as a significant player in the corporate Bitcoin space and the only non-US company among the top 10 corporate Bitcoin holders.
Metaplanet's Bitcoin Accumulation
The company announced the latest purchase on Monday, revealing that the new Bitcoin was acquired at an average price of 17,520,454 Japanese yen per coin (approximately $118,145), totaling around $92 million. Metaplanet has invested a total of $1.7 billion in Bitcoin, with an overall average purchase price of $99,640 per coin.
Recent data indicates Bitcoin traded around $118,171, slightly above Metaplanet’s latest purchase price. Over the past day, Bitcoin's value has increased by 0.75%.
Strategic Use of Bitcoin Reserves
Metaplanet is reportedly planning to leverage its Bitcoin reserves to acquire cash-generating businesses, potentially including a digital bank in Japan. This strategic move underscores the company's long-term vision for integrating Bitcoin into its core business operations.
Dominating the Non-US Bitcoin Treasury Landscape
With this latest acquisition, Metaplanet firmly establishes itself as the leading Bitcoin treasury outside the United States. According to available data, it is the only non-US entity among the top 10 largest corporate Bitcoin holders.
Currently ranked as the seventh-largest Bitcoin treasury globally, Metaplanet trails only Trump Media & Technology Group (with 18,430 BTC) and surpasses Galaxy Digital Holdings (with 12,830 BTC). However, it remains significantly behind Strategy (formerly MicroStrategy), which holds an impressive 607,770 BTC.
Stock Performance and Future Outlook
Metaplanet’s Bitcoin strategy has positively impacted its stock performance. Over the past year, the company’s shares have surged by 517%, with a 246% increase year-to-date. Recently, the stock was trading at $8.36, up 5% on the day.
During a recent interview, Metaplanet's CEO, Simon Gerovich, acknowledged the company's rapid growth, noting that they became the country's top-performing stock with record trading volume and a ¥1 trillion market cap within just a year.
Gerovich emphasized that Metaplanet is developing a unique, Japan-native model tailored to local regulations, taxation, and capital markets, offering Bitcoin exposure compliant with the nation’s tax-free savings accounts.
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