Japan-based company Metaplanet purchased 696 Bitcoin for 10.2 billion yen, increasing its total holdings to 4,046 BTC.
Recent Acquisition
The company acquired 696 Bitcoin on April 1, according to an announcement on platform X. This purchase increased Metaplanet's total Bitcoin holdings to 4,046 BTC, valued at over $341 million at current prices.
Company Strategy
Metaplanet aims to reach 21,000 BTC by 2026 as part of its strategy to promote Bitcoin adoption in Japan. The company recently issued 2 billion yen in bonds specifically for Bitcoin acquisition and bought 135 Bitcoin for $12.9 million in February, increasing its holdings to 2,235 BTC.
Current Market Position
Following a recent 10-to-1 reverse stock split, Metaplanet ranks as the ninth-largest corporate Bitcoin holder worldwide. The company actively contributes to improving market liquidity and expanding its investor base.
With 4,046 Bitcoin, Metaplanet continues its targeted move towards the 21,000 BTC goal despite price volatility.
