Japanese investment firm Metaplanet continues to strengthen its position in Bitcoin, acquiring 156 BTC to further bolster its holdings.
New Bitcoin Purchase
Metaplanet purchased 156 BTC on March 3 for approximately $13.4 million, bringing its total holdings to 2,391 Bitcoins. The average purchase price was $85,890 per Bitcoin. Under the leadership of CEO Simon Gerovich, the company has been aggressively investing in Bitcoin as part of its long-term strategy.
Plans for International Market Expansion
Metaplanet is aiming to expand its presence in international markets. Gerovich recently visited the New York Stock Exchange and Nasdaq to explore ways to make the company's shares more accessible to international investors. While a U.S. listing remains uncertain, Metaplanet shares have been trading on OTC Markets since November, already easing the access for global investors.
Stock Growth and Future Goals
Metaplanet's Bitcoin accumulation strategy has led to a significant rise in its stock value. Since November, shares of MTPLF, trading on OTC Markets, have surged 530%, while on the Tokyo Stock Exchange, their price has increased by 1,800% over the last 12 months. Currently, the company ranks as the 14th largest corporate Bitcoin holder in the world. Metaplanet aims to accumulate 21,000 BTC by 2026, solidifying its leading role in the adoption of Bitcoin in Japan.
Metaplanet's strategy to enhance its Bitcoin positions is already yielding results and may become a blueprint for other corporations seeking to integrate digital assets into their balance sheets.
