Key Takeaways
- Metaplanet purchased 135 BTC for $12.9 million at $95,951 per BTC.
- The agency’s complete Bitcoin holdings now stand at 2,235 BTC.
- Metaplanet goals to succeed in 10,000 BTC by the tip of 2025.
Japanese funding agency Metaplanet has expanded its Bitcoin holdings with a $12.9 million buy, buying 135 BTC at a median value of 14.3 million yen ($95,951) per coin.
The Tokyo-listed firm introduced the acquisition on Tuesday, pushing its complete Bitcoin holdings to 2,235 BTC.
Progress technique
Metaplanet has aggressively elevated its Bitcoin reserves, up from 1,761 BTC on the finish of 2024 and simply 141 BTC in mid-2024.
The agency designated Bitcoin treasury operations as a core enterprise in December, with plans to carry 10,000 BTC by the tip of 2025 and 21,000 BTC by 2026.
Inventory efficiency
Regardless of the Bitcoin buy, Metaplanet’s inventory declined 1.3% throughout the morning buying and selling session in Japan.
Nevertheless, the inventory stays up 67.5% year-to-date and has surged 233.7% over the previous 12 months, in response to Google Finance.
Background
Metaplanet first introduced its Bitcoin accumulation technique in April 2024, following the same playbook to U.S. corporations like MicroStrategy.
With this newest acquisition, the corporate continues its aggressive push to develop its Bitcoin treasury.