Metaplanet has once again increased its Bitcoin reserves, purchasing 162 BTC for $13.5 million. This acquisition brings the company's total holdings to 3,050 BTC, highlighting its intent to expand its cryptocurrency assets.
Details of the Latest Purchase
CEO Simon Gerovich announced that the recent purchase cost $13.5 million, with an average price of $83,123 per coin. Currently, Metaplanet's total Bitcoin holdings are valued at approximately $249.4 million.
Stock Price Surge and Bond Issuance
Following the latest acquisitions, Metaplanet's stock price rose by 8.68%, reaching 3,630 JPY per share. The board of directors also approved the issuance of the 8th series of ordinary bonds valued at JPY 2 billion (approximately $18.2 million) for further Bitcoin purchases.
Future Company Strategies
Since the start of 2025, Metaplanet has purchased nearly 1,300 BTC. The company's goal is to accumulate 10,000 coins by the end of this year and 21,000 by the end of 2026. Their strategy includes tracking effectiveness through the Bitcoin Yield metric, which reached up to 309.8% in 2024.
Metaplanet continues to increase its cryptocurrency reserves, underscoring its confidence in Bitcoin's long-term potential. The introduction of new bonds and a shift in strategy may significantly impact its future financial performance.
