Japanese investment firm Metaplanet has announced the acquisition of 797 bitcoins, spending approximately 13.8 billion yen.
Metaplanet's Bitcoin Purchase
The company acquired 797 BTC for roughly $93 million, purchasing Bitcoin at an average price of around $117,000. With this acquisition, Metaplanet now holds 16,352 BTC, valued at approximately $1.64 billion.
Company's Accumulation Strategy
Having shifted its focus from hotel operations to Bitcoin treasury management last year, Metaplanet continues to aggressively accumulate crypto assets amid rising institutional interest. The firm aims to amass over 210,000 BTC by 2027, which would represent about 1% of the total Bitcoin supply.
Metaplanet's Future Plans
Metaplanet plans to leverage its growing Bitcoin reserves as collateral for financing, enabling the acquisition of profitable businesses aligned with its strategy. The firm envisions a future where it offers digital banking services in Japan, using its Bitcoin-backed financial leverage.
Metaplanet's strategic accumulation of Bitcoin highlights the increasing institutional interest in crypto assets and the company's ambitious expansion goals.
