Metaplanet Inc. reports the purchase of 1,111 additional bitcoins, bringing the company's total BTC holdings to 11,111. The new acquisition is part of an aggressive cryptocurrency accumulation strategy.
Bitcoin Acquisition
Tokyo-listed Metaplanet Inc. announced the acquisition of 1,111 bitcoins, raising its total BTC holdings to 11,111. The total expenditure was 17.26 billion yen, approximately $108 million. The bitcoins were purchased at roughly 15.54 yen, or around $97,000 per BTC.
BTC Accumulation Strategy
The company's strategy aims to achieve 210,000 BTC by the end of 2027, which would represent 1% of the total Bitcoin supply. This purchase comes just a week after surpassing the 2025 target of 10,000 BTC, indicating an acceleration in the firm's buying activity.
Market Impact and Financial Risks
The Bitcoin-to-share ratio, measured using a custom performance indicator called BTC Yield, has more than doubled this quarter. However, some analysts express concerns about the rise of publicly traded companies following a similar strategy. A recent Coinbase report characterized this trend as an 'attack of the clones' and warned of potential systemic risks associated with aggressive capital raising to purchase Bitcoin.
As part of its strategy, Metaplanet Inc. continues to expand its Bitcoin holdings despite potential market risks. The company shows confidence in Bitcoin's potential as a strategic asset for Japanese investors.
