The Japanese company Metaplanet continues to pursue its strategy of increasing its Bitcoin assets, recently acquiring an additional 160 BTC.
Recent Bitcoin Acquisition and Details
Metaplanet acquired an additional 160 Bitcoins, bringing its total cryptocurrency reserve to 4,206 BTC. The purchase was made at an average price of 12.49 million yen per Bitcoin, approximately $80,063. The total cost of these latest acquisitions was 1.998 billion yen ($13.39 million). This is another step in the company's ongoing strategy to increase its Bitcoin holdings.
Metaplanet's Strategy and Financial Performance
Metaplanet is actively engaged in selling cash-secured Bitcoin options, allowing it to purchase 696 BTC in Q1 2025. Metaplanet raised 2 billion yen during its 10th Series of Ordinary Bonds, all aimed at purchasing Bitcoin. Notably, since shifting to a Bitcoin-focused strategy, the company's stock has risen more than 3000%, demonstrating strong investor interest.
Company's Long-term Goals
Metaplanet plans to own more than 10,000 BTC by the end of 2025, aiming to become Asia’s largest corporate holder of Bitcoin. By 2026, the company aims to reach 21,000 BTC in its holdings as part of its ambitious program to increase Bitcoin revenue.
Metaplanet is consistently implementing its Bitcoin acquisition strategy, seeking to strengthen its position and establish itself as a leader in cryptocurrency investments among major Asian corporations.
