Metaplanet Expands Bitcoin Holdings: Buys 1,234 BTC, Now Worth $1.3B
Metaplanet Expands bitcoin Holdings with Major Acquisition
Overview of Recent Purchase
Metaplanet, a prominent bitcoin treasury firm, has recently acquired an additional 1,234 bitcoin, valued at over $132 million based on current market rates. This transaction marks a significant milestone for the company, as it represents one of their largest bitcoin purchases to date.
Total bitcoin Holdings Surge
With this latest acquisition, Metaplanet’s total bitcoin reserves have now reached 12,345 BTC, translating to a current worth exceeding $1.3 billion. The firm has set an ambitious goal to accumulate 100,000 BTC by the year 2026, indicating a strong commitment to expanding its cryptocurrency portfolio.
Details of the Acquisition
The bitcoin was purchased at a price of approximately 15,617,281 yen per coin, equating to around $108,129 at the current exchange rate. While the exact date of the purchase remains undisclosed, the firm has confirmed the transaction through a recent filing.
Market Context and bitcoin Pricing
As of the latest data, bitcoin is trading at approximately $106,974, reflecting a slight decline of 0.3% over the past day. Following the announcement of this acquisition, Metaplanet’s stock experienced a drop of about 5%, settling at 1,509 yen, or roughly $10.45.
Growing Trend in Corporate bitcoin Holdings
Metaplanet’s recent purchase is part of a broader trend where publicly traded companies are increasingly adding bitcoin to their balance sheets. Currently, more than 140 firms hold bitcoin, collectively valued at around $90 billion. Notably, Michael Saylor’s software company, Strategy, accounts for a significant portion of this total, holding approximately two-thirds of the combined assets.
Position Among bitcoin Holders
As it stands, Metaplanet ranks as the seventh-largest bitcoin holder among publicly traded companies. It trails behind firms such as Galaxy Digital Holdings and CleanSpark, which possess 12,830 BTC and 12,502 BTC, respectively. Furthermore, Metaplanet is recognized as the largest non-American entity holding bitcoin, with Canadian mining firm Hut 8 Mining following closely behind with 10,273 BTC.
Conclusion
Metaplanet’s strategic acquisition of bitcoin underscores its commitment to becoming a major player in the cryptocurrency market. As the firm continues to build its holdings, it reflects the growing acceptance and integration of bitcoin within corporate finance strategies.
Edited by James Rubin
