Strategic Bitcoin Purchase Strengthens Treasury Holdings
Japanese Bitcoin treasury firm Metaplanet has expanded its crypto portfolio with the acquisition of 463 BTC valued at approximately $53.7 million. The company disclosed the purchase on Monday, noting that the average price for this latest buy was $115,895 per bitcoin.
This brings Metaplanet’s total Bitcoin holdings to 17,595 BTC, now worth an estimated $1.78 billion. The average acquisition price across its total holdings stands at $101,422 per BTC, according to company records.
Metaplanet’s aggressive strategy underscores its commitment to the Bitcoin standard, aligning itself with other major institutional players making long-term bets on digital assets.
Metaplanet Plans to Raise $3.7 Billion for Bitcoin Strategy
To fuel its future Bitcoin acquisitions, Metaplanet has filed to raise up to 555 billion yen (around $3.7 billion) through the issuance of new perpetual preferred shares. This capital raise is a major step in reinforcing its long-term crypto strategy.
CEO Simon Gerovich stated that the company is focused on building a wide range of financial tools to support its Bitcoin accumulation efforts. The goal is to enhance long-term shareholder value by leveraging Bitcoin’s growth as a treasury asset.
Based on data from Bitcointreasuries, Metaplanet now ranks seventh globally among companies holding Bitcoin. It trails behind notable firms like Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media.
With its continuous Bitcoin acquisitions and forward-thinking financial moves, Metaplanet is signaling strong institutional confidence in crypto and reinforcing its position as a key player in the digital asset space.
