Metaplanet continues to boost its Bitcoin reserves with a recent purchase of 465 BTC. This strategic investment solidifies its position in the market and highlights the growing interest in digital assets from the corporate sector.
First Mover in August’s Corporate Buying Spree
Metaplanet becomes the first public company to confirm a BTC purchase in August, following an intense week of corporate cryptocurrency accumulation. During the last week of July, at least 16 firms collectively added over $7.8 billion in digital assets to their balance sheets.
Metaplanet's Goals for 2027
CEO Simon Gerovich has revealed an ambitious goal to acquire 210,000 BTC by the end of 2027, representing 1% of Bitcoin's capped supply of 21 million. Following the recent purchase, the firm is now 8.4% of the way toward that goal.
More Companies Join the Bitcoin Balance Sheet Club
Metaplanet currently ranks seventh among public companies in total BTC holdings, trailing behind the likes of Michael Saylor's Strategy and others. As more companies actively include Bitcoin in their balance sheets, the number of public firms holding Bitcoin has surged from 112 to 162.
The overall trend of Bitcoin accumulation among public companies is clear, emphasizing the growing interest in these digital assets and the intensifying competition for limited Bitcoin supplies.
