Metaplanet Inc., led by CEO Simon Gerovich, has significantly increased its Bitcoin holdings through a new purchase, strengthening its position among major corporate BTC holders.
Metaplanet's Bitcoin Acquisition
Metaplanet Inc. acquired an additional 1,005 BTC, raising its total holdings to 13,350 BTC. This acquisition positions Metaplanet as the fifth largest corporate holder of Bitcoin worldwide, surpassing major firms like Coinbase and Tesla.
Market Reaction and Institutional Interest
Following the acquisition announcement, Metaplanet's stock surged by over 10%, highlighting the strong market impact of such Bitcoin-centric strategies. Institutional demand for Bitcoin remains robust, reflecting trends set by MicroStrategy in prior years.
Company's Strategic Plans and Simon Gerovich's Comments
Simon Gerovich noted, "Just 3 months ago, we announced live at our shareholder meeting that we hit 3,350 BTC — and now we’ve added 10,000 more to reach 13,350 BTC." This underscores the company's commitment to leveraging digital assets for capital growth and enhancing its market valuation.
Thus, Metaplanet Inc. continues to advance its Bitcoin investment strategy, eliciting positive reactions from both the stock market and institutional investors.
