Metaplanet's Bitcoin Blitz: 2,391 BTC, $196M Gained, U.S. Listing in Sight

Japanese company Metaplanet has made waves in the cryptocurrency world with its aggressive Bitcoin accumulation strategy. The company, which is now the 14th largest corporate Bitcoin holder globally, has set a goal to acquire 21,000 BTC by 2026, positioning itself at the forefront of Japan's Bitcoin movement.

On March 3, Metaplanet purchased an additional 156 BTC for about $13.4 million, increasing its total Bitcoin holdings to 2,391 BTC. The company has been actively acquiring Bitcoin since April 2021, using various financial mechanisms to strengthen its position. With an average buying price of $82,100 per Bitcoin, Metaplanet has accumulated approximately $196.3 million in BTC, achieving a 13% gain since it began its investment strategy.

Metaplanet's CEO, Simon Gerovich, has hinted at the possibility of a U.S. listing for the company, aiming to make its shares more accessible to global investors. Gerovich recently met with officials from the New York Stock Exchange and Nasdaq to discuss listing options. However, a U.S. listing is not guaranteed, and the company is still evaluating its options.

Since November, Metaplanet has traded on OTC Markets, allowing international investors easier access to its shares. The company's stock has surged 530% since November 22, rising from $3 to $18.9. Over the past 12 months, Metaplanet's stock has soared 1,800%, making it one of the best-performing stocks on the Tokyo Stock Exchange.

Metaplanet's ambitious Bitcoin acquisition strategy has caught the attention of the global investment community. As the company continues to expand its Bitcoin holdings, it remains to be seen whether it will proceed with a U.S. listing and how its stock performance will evolve in the coming months.