Metaplanet boosts bitcoin bet with additional $13 million purchase, now holds 4,206 BTC
Quick Take
- The Japanese firm purchased another 160 BTC just a day after snapping up 696 BTC.
- It currently holds 4,206 BTC in total.
Metaplanet, a Japanese investment firm that has adopted a bitcoin accumulation strategy, has bought an additional $13.3 million worth of BTC — just one day after it made its largest bitcoin purchase to date.
The Tokyo-listed firm disclosed on Wednesday that it purchased an additional 160 BTC for about $13.3 million at an average price of $83,264 per bitcoin.
This brought its total holdings to 4,206 BTC, acquired for about $359.8 million, according to Metaplanet CEO Simon Gerovich. Based on market prices, the firm's 4,206 BTC is currently worth about $356.2 million.
The latest purchase follows the company’s announcement on Tuesday of its acquisition of 696 BTC.
Metaplanet has been accumulating the world's largest cryptocurrency since announcing its bitcoin strategy in April 2024. With a total of 4,206 BTC, it currently ranks as the world's ninth-largest publicly traded corporate holder of bitcoin and the largest in Asia, according to BitcoinTreasuries.net. The company has stated its goal to hold 10,000 BTC by the end of 2025 and expand its holdings to 21,000 BTC by the end of 2026.
Metaplanet's stock edged down 0.98% during the morning session on Wednesday in Japan, according to Google Finance data. The Nikkei 225 index remained flat so far today.
Bitcoin gained 1.6% over the past 24 hours to trade at $84,526 at the time of writing, according to The Block's price page. The Block's GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, added 0.7%.
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