Metaplanet, Asia’s largest publicly traded Bitcoin holder, has once again solidified its position in the crypto space with its latest BTC purchase. As revealed by the investment giant, Metaplanet has acquired 2,205 BTC, valued at 31.7 billion yen today. This brings the company’s total BTC holdings to 15,555 BTC.
Metaplanet Buys 2,205 Bitcoin
In its latest Bitcoin acquisition, Metaplanet, Asia’s Strategy, has added a massive 2,205 BTC to its portfolio, underscoring the company’s confidence in the long-term potential of the crypto. With this latest BTC purchase, the company now holds a total of 15,555 BTC, worth approximately 225.8 billion yen ($1.7 billion).
CEO Simon Gerovich announced this latest purchase via an X post, revealing that the $238.7 million worth of Bitcoins were bought at a price of $108,237 per BTC. He also added that Metaplanet’s BTC Yield, a metric measuring Bitcoin growth per share, surged 15.1% in just one week. This growth highlights the company’s successful Bitcoin accumulation strategy, demonstrating increased value for shareholders despite share dilution.
Following this significant development, Metaplanet Inc. stock price has surged by 0.39%, now reaching 1,551 yen. Despite a 6% decline over the past five days, the Metaplanet share increased by a notable 15% over the past month.
Metaplanet Rises to Fifth Largest Bitcoin Holder
Metaplanet’s Bitcoin stash has ballooned from nearly 4,000 BTC to over 15,500 BTC in a remarkable four-month span, marking a fourfold increase. These aggressive acquisitions have propelled the company to become the fifth-largest holder of Bitcoin. According to data from Bitcointreasuries.net, Metaplanet is ranked fifth in BTC holdings, following Strategy, MARA Holdings, XXI, and Riot Platforms.
Metaplanet’s Bitcoin-centric business saw robust revenue growth in Q2, with earnings reaching approximately 1.1 billion yen ($7.6 million), representing a 42.4% year-over-year increase, as per its latest quarterly report. CoinGape recently reported that Metaplanet has surpassed major players like Tesla, CleanSpark, and Galaxy Digital in Bitcoin holdings. Commenting on this remarkable growth, CEO Gerovich stated, “This accelerating growth affirms the strength of our strategy — building a sustainable, scalable, and operationally efficient business on a bitcoin standard.”
Interestingly, the company will continue to accumulate more Bitcoin, with the target of acquiring 100,000 BTC by 2026 and 210,000 BTC by 2027.
Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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