Metaplanet Stock – Metaplanet Buys 797 More Bitcoin
Metaplanet Stock – Metaplanet, the Tokyo-listed investment firm, continues its aggressive bitcoin accumulation by purchasing an additional 797 BTC for approximately $93.6 million. The company announced the purchase on Monday, revealing the average price paid was around $117,451 per bitcoin.
This latest acquisition boosts Metaplanet’s total bitcoin holdings to 16,352 BTC, valued at roughly $1.64 billion. CEO Simon Gerovich highlighted the steady pace of acquisitions, saying, “Another week, another tranche.” The firm has clearly positioned itself as one of the world’s largest public corporate holders of bitcoin.
Metaplanet Among Top Bitcoin Holders Globally
According to bitcointreasuries.net, Metaplanet ranks as the fifth-largest publicly traded corporate bitcoin holder, trailing only behind Strategy, MARA, Twenty One, and Riot Platforms. Michael Saylor’s Strategy continues to dominate with a staggering 597,325 BTC stash.
Originally a hotel management company, Metaplanet pivoted to a bitcoin treasury business in 2023. The company recently set an ambitious target to hold over 210,000 BTC by 2027. Gerovich explained in a recent interview with the Financial Times that Metaplanet plans to borrow against its bitcoin holdings to acquire cash-generating businesses — signaling an expansion beyond pure crypto holdings.
Strong Growth Amid Bitcoin’s New Highs
Metaplanet’s bitcoin-focused business showed strong momentum in Q2, posting revenues of nearly 1.1 billion yen ($7.6 million) — a 42.4% year-over-year increase. Meanwhile, bitcoin itself continues its historic bull run, breaking above $120,000 late Sunday night and trading at around $120,754 as of Monday, marking a 2.5% gain in 24 hours.
Reflecting investor confidence, Metaplanet’s stock rose 1% to 1,580 yen ($10.7) in Japanese markets on Monday.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
