Metaplanet Acquires Significant Bitcoin Holdings
- Metaplanet, a Japanese firm, purchased 5,419 Bitcoin in a single transaction.
- The acquisition cost approximately $632.5 million at an average price of $116,724 per Bitcoin.
- This purchase increased Metaplanet’s total holdings to 25,555 BTC, making it the fifth-largest corporate holder globally.
- The company’s average cost basis across all holdings is roughly $106,000 per Bitcoin.
- Metaplanet plans to raise $1.4 billion for further Bitcoin accumulation, targeting a total of 210,000 BTC by the end of 2027.
Metaplanet’s recent purchase has significantly boosted its position among corporate Bitcoin holders worldwide, now ranking fifth in terms of holdings. The company has been actively raising capital to support its ambitious goal of acquiring more Bitcoin by leveraging equity sales and other financial strategies.
With an average acquisition cost of $106 ,000 per Bitcoin , Metaplanet’s strategy reflects both boldness and risk as they aim for substantial growth in their cryptocurrency portfolio . ( Source )
