Metaplanet Boosts Bitcoin Holdings by 10% With $53.4M Purchase
Japan’s Metaplanet has significantly increased its Bitcoin holdings with the latest purchase of 555 BTC, valued at approximately $53.4 million. This acquisition was made at an average price of $96,134 per coin, pushing the company's total Bitcoin holdings to 5,555 BTC. The current value of these holdings is around ¥71.76 billion, or $465 million, with an average entry price of $86,672 per coin.
Metaplanet's aggressive Bitcoin accumulation strategy began in April 2024, with the goal of increasing its holdings to 10,000 BTC by the end of 2025. The company has 4,445 BTC more to acquire to meet this target. To finance this latest purchase, Metaplanet issued a new batch of ordinary shares worth $25 million, marking its 13th round of fundraising since 2024. This strategy is part of the company’s “Bitcoin Financial Strategy,” which includes regular share and bond issuances to support its Bitcoin acquisitions.
In addition to its Bitcoin purchases, Metaplanet plans to expand its operations into the United States. The company aims to open a branch in Miami and establish a Treasury Corp in Florida, initially seeded with $10 million in capital. The goal is to scale this Treasury Corp to $250 million, further solidifying Metaplanet's presence in the global market. Currently, Metaplanet is the largest public corporation holding Bitcoin in Asia.
Metaplanet's continued acquisition of Bitcoin is indicative of growing institutional interest in the cryptocurrency. This trend suggests that institutions are increasingly viewing Bitcoin as a lucrative and safe long-term investment. The positive Coinbase Premium Index further supports this observation, indicating that as global markets stabilize, Bitcoin is becoming a preferred investment option. Metaplanet's aggressive strategy has also had a positive impact on its stock, which has seen an 11.45% increase, reflecting investor confidence in the company's Bitcoin-focused approach.
Metaplanet's growing Bitcoin holdings are not just a balance sheet item but a value driver for the company. The firm's bullish stance on Bitcoin is fueling wider confidence in the cryptocurrency market, positioning Metaplanet as a leader in institutional Bitcoin investment.