Japanese investment firm Metaplanet, listed on the Tokyo Stock Exchange, has made another significant move in the cryptocurrency space. The company has added 518 BTC to its growing Bitcoin treasury, with the purchase valued at approximately $61.4 million. This acquisition underscores Metaplanet’s confidence in Bitcoin as a long-term asset, even amid market fluctuations.
The latest purchase was made at an average price of $118,519 per Bitcoin, according to the company’s official announcement on Tuesday. With this addition, Metaplanet now holds a total of 18,113 BTC, acquired at a cumulative cost of $1.85 billion. This puts the company’s average purchase price across all holdings at $101,911 per Bitcoin, reflecting a long-term, conviction-driven strategy.
Continued Confidence in Bitcoin Despite Market Volatility
CEO Simon Gerovich emphasized that the company remains committed to expanding its Bitcoin reserves as part of a broader strategy to position itself as a key institutional player in the global crypto space. The consistent accumulation suggests a belief in Bitcoin’s role as a strategic treasury asset.
This approach mirrors moves by other major firms embracing Bitcoin for its potential as a store of value, especially in a landscape where traditional fiat currencies face inflationary pressures. Metaplanet’s strategy aligns with growing institutional interest in cryptocurrency as a hedge and investment vehicle.
$3.7 Billion Capital Raise to Fuel Further Bitcoin Acquisitions
In a bold move to strengthen its crypto position, Metaplanet recently unveiled plans to raise up to 555 billion yen (approximately $3.7 billion) through the issuance of perpetual preferred shares. The fresh capital will be used to fund additional Bitcoin purchases, reinforcing the company’s intent to become one of the world’s largest institutional holders of the digital asset.
This expansion comes as the broader market watches Bitcoin adoption gain traction across sectors, and Metaplanet is clearly positioning itself at the forefront of that trend. The firm’s aggressive acquisition strategy and capital raise signal a strong bet on the future of decentralized finance and Bitcoin’s role within it.
