Japanese firm Metaplanet, known for its bitcoin-first treasury strategy, has taken another bold step in its cryptocurrency journey. The company announced the acquisition of an additional 103 BTC, valued at approximately $11.7 million, further solidifying its position among the top corporate holders of bitcoin globally.
Metaplanet Now Holds Nearly 19,000 BTC Worth Over $2 Billion
The newly purchased bitcoin was acquired at an average price of $113,491 per BTC, according to a company statement released Monday. With this latest move, Metaplanet now holds a total of 18,991 BTC, making it the seventh-largest public company in the world by bitcoin holdings, as reported by Bitcointreasuries.
Since launching its aggressive bitcoin accumulation strategy in April 2024, Metaplanet has invested $1.95 billion into bitcoin at an average price of $102,712 per coin. This approach reflects the company’s long-term conviction in bitcoin as a treasury asset, mirroring strategies seen at firms like MicroStrategy.
Added to FTSE Japan Mid-Cap Index, Marking Key Recognition
In a significant development, Metaplanet has been officially added to the FTSE Japan Index during the index’s September review, moving from a small-cap to a mid-cap classification. This inclusion signals broader market recognition of the company’s unique bitcoin-focused business model.
Company President Simon Gerovich praised the milestone as a “step forward” in Metaplanet’s mission to become Japan’s leading bitcoin treasury company. The FTSE upgrade is expected to boost institutional visibility and investor confidence, further reinforcing Metaplanet’s role in bridging traditional finance with digital assets.
As institutional interest in crypto continues to grow globally, Metaplanet’s strategy may serve as a blueprint for other companies in Japan and beyond seeking to integrate bitcoin into their balance sheets.
