Chiara Bianchi
Japanese investment company Metaplanet has further increased its Bitcoin holdings, acquiring an additional $12.6 million worth of BTC as part of its ongoing accumulation strategy.
On Monday, the company announced the purchase of 150 BTC at an average price of $83,801 per Bitcoin. This acquisition raises Metaplanetโs total BTC holdings to 3,350 BTC, purchased for approximately $278.8 million, according to CEO Simon Gerovich. Based on current market prices, the firmโs Bitcoin reserves are valued at around $291.3 million.
This latest investment follows the recent appointment of Eric Trump, son of former U.S. President Donald Trump, to Metaplanetโs Strategic Board of Advisors. Gerovich highlighted Trump’s business acumen and enthusiasm for Bitcoin, stating that his involvement will help shape the company’s vision of becoming one of the worldโs leading Bitcoin Treasury firms.
Metaplanet Aims for 21,000 BTC by 2026
Metaplanet has been aggressively accumulating Bitcoin since it introduced its BTC adoption strategy in April 2024. The company has set ambitious targets to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
According to Bitcointreasuries.net, Metaplanet is currently the 10th largest publicly traded company holding Bitcoin globally and the largest in Asia. The ranking is led by Michael Saylorโs MicroStrategy, which holds nearly 500,000 BTC.
Metaplanetโs Stock Rises Amid Bitcoin Expansion
Following its latest Bitcoin purchase, Metaplanetโs stock surged 4.8% during Japanโs afternoon trading session. According to Google Finance, the companyโs stock price has recorded a 38.7% increase since the beginning of the year, reflecting growing investor confidence in its Bitcoin-driven strategy.
