Metaplanet Expands Bitcoin Holdings with $13.3 Million Acquisition
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
This latest purchase comes just a day after the company made its largest single acquisition to date, reflecting its unwavering commitment to expanding its cryptocurrency reserves. The newly acquired Bitcoins were bought at an average price of around $83,264 per coin, bringing Metaplanet’s total holdings to 4,206 BTC, valued at roughly $359.8 million at the time of purchase.
The company, listed on the Tokyo Stock Exchange, has been steadily increasing its Bitcoin assets as part of a strategic plan announced in April 2024.
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Bitcoin’s Next Bullish Move Hinges on Key Support, Analyst Warns Earlier this week, Metaplanet made headlines by purchasing 696 BTC, marking one of its most substantial accumulation efforts so far. The firm’s rapid expansion has positioned it as the ninth-largest public institutional Bitcoin holder globally and the largest in Asia, according to BitcoinTreasuries.net.
Metaplanet has set ambitious goals for the future, aiming to accumulate 10,000 BTC by the end of 2025 and eventually double that amount to 21,000 BTC by 2026. This recent purchase further cements its position as a key player among institutional Bitcoin investors.
Alexander Zdravkov
