Key Takeaways
- Metaplanet acquired 1,234 extra bitcoin for $132.7 million.
- The Japanese agency now holds 12,345 BTC, surpassing Tesla in company bitcoin holdings.
- Metaplanet goals to safe 1% of bitcoin’s provide with a revised goal of over 210,000 BTC by 2027.
Japanese funding agency Metaplanet has strengthened its bitcoin treasury by buying an extra 1,234 BTC at a median worth of roughly $107,557 per coin, totaling about $132.7 million.
This acquisition, disclosed Thursday, follows Metaplanet’s announcement of a 74.9 billion yen ($515 million) inventory issuance geared toward bolstering its bitcoin technique.
Newest rely
The newest buy brings Metaplanet’s whole holdings to 12,345 BTC, surpassing Tesla’s 11,509 BTC and making Metaplanet the seventh-largest publicly listed company holder of bitcoin.
Primarily based on present market costs, Metaplanet now holds roughly $1.3 billion in bitcoin. For up-to-date info on the corporate’s present and historic holdings, see the Metaplanet bitcoin treasury tracker.
Formidable progress plans
Metaplanet’s current $515 million capital elevate is a part of its “555 million plan” to safe 1% of bitcoin’s whole provide. The corporate started its bitcoin acquisition technique in April 2024 and just lately revised its purpose to carry over 210,000 BTC by the top of 2027.
Metaplanet’s inventory was down 0.94% as of Thursday midday in Japan, although it stays up 353.5% year-to-date. Over the previous 5 days, the inventory has dropped 12.2%.
Different main holders
Technique, led by Michael Saylor, stays the highest publicly listed company holder with 592,345 BTC, following its current acquisition of 245 BTC. To view a complete record of main private and non-private firm bitcoin holdings, go to the institutional bitcoin treasuries database.
The corporate said in its disclosure:
“Our newest acquisition demonstrates our continued dedication to bitcoin as a treasury asset.”