Metaplanet Reaches 50% Bitcoin Goal, Holds 5,000 BTC

Generated by AI AgentCoin World
Friday, Apr 25, 2025 3:41 am ET1min read

Metaplanet, a Japanese investment firm, has reached a significant milestone by accumulating 5,000 Bitcoin (BTC), marking a 50% progress towards its goal of acquiring 10,000 BTC by the end of 2025. This achievement was reached on April 24, 2025, after the firm added 145 BTC to its reserves, spending approximately $13.4 million. The firm's total investment in Bitcoin to date stands at around $428.1 million, with an average purchase price of approximately $85,621 per coin. At current market prices exceeding $90,000, Metaplanet's holdings are now valued at over $460 million.

Metaplanet's CEO, Simon Gerovich, highlighted the importance of this milestone, stating that reaching 50% of the target demonstrates the firm's commitment to becoming a global leader in Bitcoin holdings. Gerovich noted that Metaplanet is the fastest in terms of Bitcoin holding growth rate and is expanding at a pace second only to Strategy Corp. The firm aims to achieve its target of 10,000 BTC by the end of the year. If the current buying trend continues, Metaplanet could hit this goal as early as September. Since February, the firm has been aggressively accumulating Bitcoin, acquiring over 1,000 BTC monthly.

The firm's rapid accumulation of Bitcoin has positioned it as a major player in the cryptocurrency market. With a current holding of 5,000 BTC, Metaplanet is well on its way to achieving its ambitious target. The firm's strategy of aggressive accumulation and its commitment to becoming a global leader in Bitcoin holdings have garnered attention in the industry. Metaplanet's success in reaching this milestone is a testament to its strategic approach and dedication to the cryptocurrency market. The firm's ability to navigate the volatile cryptocurrency market and achieve significant milestones is a reflection of its expertise and foresight. As Metaplanet continues to expand its Bitcoin holdings, it is poised to become a major player in the global cryptocurrency market.