Key Takeaways
- Metaplanet acquired 797 BTC for $93.6 million, elevating complete holdings to 16,352 BTC.
- The corporate goals to carry over 210,000 BTC by 2027, and is contemplating borrowing in opposition to its holdings for acquisitions.
- Metaplanet is now the fifth-largest public company bitcoin holder as bitcoin trades above $120,000.
Japanese funding agency Metaplanet has bought 797 extra bitcoin for about $93.6 million, as the corporate continues its aggressive accumulation technique throughout a interval of all-time excessive costs.
Metaplanet CEO Simon Gerovich introduced the acquisition on X, stating that the corporate acquired the brand new tranche at a mean worth of round $117,451 per bitcoin. This brings Metaplanet’s complete holdings to 16,352 BTC, acquired for $1.64 billion.
Ongoing accumulation
Gerovich commented on the continued accumulation:
“One other week, one other tranche.”
fifth largest holder
Metaplanet now ranks because the fifth-largest publicly traded company holder of bitcoin, following Technique, Marathon Digital, Twenty One Capital, and Riot Platforms.
Michael Saylor’s Technique stays the chief, with over 597,000 BTC.
Firm shift
The corporate shifted from lodge administration to a bitcoin-focused treasury technique final yr and just lately set a goal to surpass 210,000 BTC by the tip of 2027.
In a latest interview, Metaplanet revealed plans to borrow in opposition to its bitcoin holdings to accumulate cash-generating companies, although these plans stay in early phases.
Within the second quarter, Metaplanet reported income of almost 1.1 billion yen ($7.6 million), a 42.4% enhance year-over-year.
Bitcoin just lately reached new all-time highs above $120,000, and Metaplanet’s inventory worth rose 1% to 1,580 yen following the announcement.
For extra info on Metaplanet’s present and historic bitcoin holdings, see the Metaplanet bitcoin treasury tracker.