Chiara Bianchi
Japanese bitcoin treasury firm Metaplanet has revealed its biggest-ever bitcoin purchase, securing 5,419 BTC worth approximately $632.5 million. The acquisition was announced Monday by CEO Simon Gerovich through a post on X. He noted that the company paid an average price of $116,724 per Bitcoin for the latest buy.
Following this move, Metaplanet’s total holdings have climbed to 25,555 BTC, valued at around $2.71 billion. On average, the company has acquired its bitcoin at $106,065 per coin.
Data from PRIME indicates that this purchase makes Metaplanet the fifth-largest public company holding Bitcoin, surpassing Bullish. The firm still trails behind Strategy, Mara, XXI, and Bitcoin Standard Treasury Company. At the top of the list remains Michael Saylor’s Strategy, which holds 638,985 BTC.
New Fundraising and Expansion Plans
Earlier this month, Metaplanet confirmed plans to raise $1.4 billion through the issuance of 385 million new shares, with funds directed toward further bitcoin acquisitions. Additionally, its board recently approved the launch of Metaplanet Income Corp., a U.S.-based subsidiary designed to grow a “bitcoin income generation” division focused on derivatives and related financial products.
Market Impact and Stock Performance
Despite the bold investment, Metaplanet’s stock fell 0.5% in Japan on Monday, according to Yahoo Finance. Over the past month, shares have slid by 27.5%, although they remain up 73.85% year-to-date. In contrast, the company’s U.S.-traded shares closed 3.81% higher at $4.09 on Friday.
Bitcoin Price Movement
Meanwhile, the price of bitcoin slipped 1.06% in the past 24 hours, trading at $114,449 as of 11:26 p.m. ET on Sunday, based on PRIME’s price data.
