Metaplanet Expands Bitcoin Holdings to Over 35,000 BTC
- Metaplanet purchased an additional 4,279 bitcoin for $451 million in Q4.
- The average purchase price was $105,412, bringing total holdings to 35,102 BTC.
- This makes Metaplanet the fourth largest publicly traded company by bitcoin holdings.
- The firm aims to own 210,000 BTC by the end of 2027.
- Metaplanet has spent approximately $3.78 billion on bitcoin at an average price of $107,607 per BTC.
- The company projects a revenue of around $55 million from its bitcoin income generation business this fiscal year.
Metaplanet’s recent acquisition underscores its commitment to expanding its bitcoin treasury management strategy while targeting significant future growth in holdings and revenue generation.
With a total investment of approximately $3.78 billion and a goal of reaching 210,000 BTC, Metaplanet is positioning itself as a major player in the cryptocurrency space.(Source)
