Bitcoin News Today: Metaplanet Buys 518 Bitcoin for $61.4M Total Holdings Now 18,113 BTC

Metaplanet Inc., a Tokyo-listed company, has acquired 518 Bitcoin for $61.4 million, averaging $118,519 per coin [1]. This purchase brings the company’s total Bitcoin holdings to 18,113 BTC, valued at approximately $1.85 billion [2]. The move reinforces Metaplanet’s long-term strategy of building a corporate treasury based on Bitcoin, a model that began in 2024 and has continued to expand [3].

The acquisition was announced through regulatory filings and social media posts by CEO Simon Gerovich [4]. Metaplanet aims to accelerate its planned Bitcoin purchases originally scheduled for 2025, using recently raised capital through perpetual preferred share offerings. This round brought total fundraising to ¥9.5 billion ($63 million) [5]. The company’s broader fundraising plan, totaling up to ¥55.5 billion ($3.7 billion), is part of a strategy to further expand its Bitcoin portfolio [6].

Metaplanet now ranks as the sixth-largest corporate holder of Bitcoin globally [6]. Its approach mirrors that of MicroStrategy, which has been accumulating Bitcoin since 2020. Analysts suggest that such corporate accumulation strategies signal growing institutional confidence in Bitcoin as a digital store of value and a hedge against macroeconomic uncertainty [5].

Despite Bitcoin’s recent decline of 2.4% in the prior 24 hours to $118,883, the asset has recorded a 4% weekly gain [6]. Metaplanet’s stock mirrored broader market volatility, dropping 1.6% in Tokyo trading, yet remains up 183% year-to-date [6]. This suggests that while short-term price swings affect both the company’s stock and its Bitcoin holdings, the long-term investment strategy remains intact.

The latest acquisition brings Metaplanet closer to its stated goal of accumulating 210,000 BTC, the total supply of Bitcoin [2]. While no specific timeline for achieving this target has been provided, analysts note that large-scale corporate accumulation could influence Bitcoin’s price dynamics and market perception as institutional adoption continues to rise [5].

Source:

[1] https://www.investing.com/news/cryptocurrency-news/metaplanet-buys-518-bitcoin-for-61-mln-total-stash-at-18113-coins-4184082

[2] https://www.ainvest.com/news/bitcoin-news-today-metaplanet-boosts-bitcoin-holdings-1-85-billion-555-million-plan-2508/

[3] https://www.ainvest.com/news/bitcoin-news-today-metaplanet-buys-518-bitcoin-61m-total-holdings-reach-18-113-btc-worth-1-85-billion-2508/

[4] https://x.com/TheBlock__/status/1955127722654466258

[5] https://coinpedia.org/crypto-live-news/metaplanet-boosts-bitcoin-holdings-with-61m-purchase/

[6] https://www.worldcoinindex.com/news/metaplanet-expands-bitcoin-stash-with-61-4m-purchase-now-holding-over-18-000-btc