Key Takeaways
- Metaplanet bought a further 160 BTC for $13.3 million.
- The corporate now holds 4,206 BTC, value roughly $356.2 million.
- It goals to succeed in 10,000 BTC by 2025 and 21,000 BTC by 2026.
Metaplanet has added one other $13.3 million in Bitcoin to its stability sheet, buying 160 BTC at a mean value of $83,264 per coin.
The Tokyo-listed agency disclosed the acquisition on Wednesday, only a day after saying its largest single buy thus far—696 BTC.
Whole Holdings
With this newest transaction, Metaplanet now holds 4,206 BTC, acquired for roughly $359.8 million, in keeping with CEO Simon Gerovich.
The agency’s present holdings are valued at round $356.2 million primarily based on the most recent market value of $84,526.
Market Place
This transfer solidifies Metaplanet’s standing as Asia’s largest public company holder of Bitcoin and the ninth-largest globally, per knowledge from BitcoinTreasuries.internet.
Strategic Objectives
Since initiating its Bitcoin technique in April 2024, Metaplanet has aggressively expanded its holdings with the acknowledged aim of reaching 10,000 BTC by the top of 2025 and 21,000 BTC by the top of 2026.
Market Response
Metaplanet shares slipped 0.98% throughout Wednesday morning buying and selling in Japan, whereas the Nikkei 225 index remained flat.
Bitcoin rose 1.6% over the past 24 hours, and The Block’s GMCI 30 index, monitoring the highest 30 cryptocurrencies, gained 0.7%.