Key Takeaways
- Metaplanet acquired 1,004 BTC for $104.3 million at a median value of $103,873.
- The agency now holds 7,800 BTC, price about $806 million.
- Metaplanet is Asia’s largest public bitcoin holder and eleventh worldwide.
Japanese funding agency Metaplanet has added 1,004 extra bitcoin to its stability sheet, spending roughly $104.3 million at a median value of $103,873 per BTC.
Complete holdings & valuation
The acquisition brings Metaplanet’s whole holdings to 7,800 BTC, valued at about $806 million based mostly on present market costs.
In accordance with CEO Simon Gerovich, the corporate has spent roughly $712.5 million in whole on its bitcoin accumulation, averaging $91,343 per coin.
Lengthy-term technique & market context
Metaplanet started shopping for bitcoin in April 2024 as a part of a long-term treasury technique and has continued steadily towards its objective of proudly owning 10,000 BTC by the top of 2025.
The most recent acquisition comes as Bitcoin trades close to its all-time excessive, priced at $103,343 on the time of writing.
Funding via bonds
To fund its purchases, the Tokyo-listed agency has issued a number of bonds, together with a current $15 million providing—its fifteenth sale of strange bonds.
Market place & inventory efficiency
Metaplanet is presently Asia’s largest publicly listed company holder of bitcoin and ranks eleventh globally, based on Bitcointreasuries.internet.
U.S.-based MicroStrategy stays the highest company holder with 568,840 BTC.
Following the announcement, Metaplanet’s inventory rose 12.2% on Monday in Japan, with buying and selling nonetheless in progress.