Chiara Bianchi
Metaplanet, the Tokyo-based bitcoin treasury firm, revealed on Monday that it acquired an additional 136 BTC for roughly $15.2 million, reinforcing its long-term confidence in the leading cryptocurrency.
CEO Simon Gerovich confirmed on X that the purchase was executed at an average price of $111,666 per bitcoin.
Following this transaction, Metaplanet’s total stash has climbed to 20,136 BTC, accumulated at an average cost of $103,196 per coin, with an overall investment of about $2.08 billion.
According to BitcoinTreasuries data, the company now ranks sixth worldwide among publicly listed firms by bitcoin holdings. It trails behind giants such as Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish. Industry heavyweight Michael Saylor’s Strategy remains the top holder with a massive 636,505 BTC.
Stock Performance and Market Reaction
Despite the announcement, Metaplanet’s stock slipped 1.2% in Japan during Monday’s trading session, according to Yahoo Finance. The firm’s shares have dropped 30% over the past month but are still up more than 100% year-to-date. Meanwhile, its U.S.-listed stock ended Friday down 1.6% at $4.86, per PRIME’s data.
Bitcoin Price Edges Higher
The broader crypto market showed modest gains, with Bitcoin rising 0.5% in the last 24 hours to trade around $111,146 as of 11:45 p.m. ET on Sunday, according to PRIME’s price tracker.
