Japanese investment company Metaplanet Inc. continues to enhance its Bitcoin assets, announcing the purchase of 1,112 BTC, bringing its total reserves to 10,000 BTC.
New Bitcoin Purchase
Metaplanet Inc. announced its recent purchase of 1,112 BTC at an average price of $105,435 per Bitcoin. This transaction increased the company's total assets to 10,000 BTC. According to CEO Simon Gerovich, the total purchase cost was approximately $117.2 million, and as of June 16, 2025, the total value of the Bitcoin held was about $947 million.
Rise in Metaplanet Shares
With the latest purchase, Metaplanet's shares have seen an increase of over 17%. This growth follows promising news regarding the company's new investment strategies.
Bitcoin Investment Strategy
At its board meeting on June 16, 2025, Metaplanet also announced plans to issue direct bonds totaling $210 million. The proceeds from these bonds will be used entirely to purchase Bitcoin. The company began its Bitcoin buying strategy in April 2024 and set a target of holding 1% of the total Bitcoin supply, aiming for over 210,000 BTC by the end of 2027.
Metaplanet's purchases and their aim to increase Bitcoin assets highlight the growing significance of cryptocurrency in the investment strategies of large companies.
