Metaplanet Boosts Bitcoin Holdings by 1,004 BTC, Stock Surges 12%

Metaplanet, a Japanese investment firm, has significantly increased its Bitcoin holdings by acquiring an additional 1,004 BTC, bringing its total reserves to 7,800 BTC. This purchase, valued at approximately $104 million, was made at an average price of $97,182 per BTC, according to a regulatory filing on May 19. The total investment in Bitcoin by Metaplanet now stands at around $712.5 million.

The latest acquisition comes at a time when Bitcoin's market price has surpassed $100,000, driven by optimism surrounding U.S.-China tariff discussions. Based on current prices, Metaplanet's holdings reflect an unrealized profit of $77.4 million, as indicated on the company’s website.

Following the announcement, Metaplanet's stock price experienced a 12% surge on the Tokyo Stock Exchange, reaching levels last seen in February. The company's market capitalization also rose to approximately $2.34 billion.

With this latest purchase, Metaplanet is now among the major corporate holders of Bitcoin. The company is on track to achieve its goal of accumulating 10,000 BTC by the end of 2025, having reached 78% of this target with the recent acquisition. This strategic move positions Metaplanet alongside other significant Bitcoin holders such as Block Inc, which holds 8,584 BTC, and Coinbase, which holds 9,267 BTC.