The Japanese investment firm Metaplanet has announced the purchase of an additional batch of bitcoins, significantly increasing its assets and positioning itself among institutional investors.
Bitcoin Purchase and New Achievements
Metaplanet acquired 1,005 bitcoins worth approximately $108 million, raising its total bitcoin holdings to 13,350 BTC. This makes it the fifth-largest public bitcoin holder, surpassing companies like Galaxy Digital and CleanSpark.
Metaplanet's Asset Growth Strategy
CEO Simon Gerovich stated that the new bitcoins were purchased at an average price of $107,601, and the current value of its assets is about $1.4 billion. He also noted that just three months ago, the company announced it had 3,350 BTC, now the figure has risen to 13,350 BTC.
Market Overview and Competitor Positions
Earlier this month, Metaplanet set a goal of holding 210,000 BTC by the end of 2027. On the same day, the company announced it issued new non-interest-bearing bonds worth 30 billion yen, part of the funds will be used to purchase bitcoins. Meanwhile, MicroStrategy still holds the top spot among institutional investors with 592,345 BTC.
Investing in Bitcoin continues to show significant interest from institutional players, and Metaplanet's recent actions reflect a strategic vision for the future in the cryptocurrency market.
