Metaplanet has once again made headlines in the crypto world by purchasing an additional 1,111 Bitcoin (BTC) during a recent market dip that saw prices fall below $99,000. The bold move reflects the company’s unwavering belief in Bitcoin’s long-term value, even amidst global geopolitical tensions and ongoing uncertainty around U.S. Federal Reserve policies.
Metaplanet Becomes the 8th-Largest Corporate Bitcoin Holder
This latest $118.2 million investment brings Metaplanet’s total Bitcoin holdings to 11,111 BTC, officially making it the 8th-largest corporate holder of Bitcoin, just behind Tesla. The company’s Bitcoin holdings have already yielded a 107.9% return for the current quarter, showcasing the strong impact of its aggressive accumulation strategy.
CEO Simon Gerovich shared the news on X (formerly Twitter), reaffirming the company’s confidence in Bitcoin’s future and highlighting its strategic commitment to cryptocurrency as a core asset.
Accelerated Bitcoin Plan Aims for 210,000 BTC by 2027
Just last week, Metaplanet had acquired 1,112 BTC on June 16, reaching its earlier milestone of 10,000 BTC ahead of schedule. The company is showing no signs of slowing down. It plans to raise $210 million through bond sales to fund further Bitcoin purchases.
Under its ambitious Accelerated Bitcoin Plan, Metaplanet aims to hold 100,000 BTC by 2026, and 210,000 BTC by 2027, aligning its long-term strategy with a future where Bitcoin plays a major role in global finance.
As the cryptocurrency landscape continues to evolve, Metaplanet’s aggressive accumulation strategy positions it as a key player in the Bitcoin ecosystem, signaling a broader shift in how traditional firms approach digital assets.
