Metaplanet continues to build its Bitcoin reserves with recent large purchases, solidifying its market presence.
Aggressive Accumulation Through August
This week, Metaplanet announced the acquisition of 103 BTC worth approximately $11.7 million, bringing its total assets to 18,991 BTC. This move positions the firm just behind the US's Riot Platforms, which currently holds the 6th spot in Bitcoin reserves.
Institutional Recognition and Milestones
The firm's actions are gaining global attention, exemplified by its addition to the FTSE Japan index. This recognition contributes to Metaplanet's growth and popularity as it executes its accumulation strategy.
Japan’s Bitcoin Future
Metaplanet aims high, setting ambitious targets: 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027. CEO Simon Gerovich describes this period as a 'Bitcoin gold rush'.
Metaplanet's Bitcoin accumulation strategy is solidifying its position in the market and advancing institutional cryptocurrency adoption in Japan. With 18,991 BTC in reserves and inclusion in major indices, the firm is on a clear path to its goals.
