Metaplanet Expands Bitcoin Holdings, Solidifies Non-US Position
- Metaplanet acquired an additional 780 Bitcoin, raising its total to 17,132 BTC.
- The company has invested $1.7 billion in Bitcoin at an average price of $99,640 per coin.
- As of now, Bitcoin is trading at $118,171, reflecting a recent increase of 0.75%.
- Metaplanet is the only non-US entity among the top ten corporate Bitcoin holders globally.
- The company’s stock price surged by over 517% in the past year, reaching ¥8.36 recently.
This acquisition reinforces Metaplanet’s status as a leading player in the corporate Bitcoin treasury landscape and highlights its strategy to leverage these assets for future business acquisitions, including potential ventures into digital banking in Japan.
With its current holdings valued at over $2 billion, Metaplanet stands as the seventh-largest Bitcoin treasury worldwide and continues to differentiate itself from other major holders like Strategy (formerly MicroStrategy). (Source)
