Japan-based Metaplanet Inc. has announced a significant increase in its Bitcoin portfolio with a substantial acquisition.
Metaplanet's Increased Bitcoin Reserves
Metaplanet Inc. has reported the acquisition of an additional 1,234 Bitcoin, bringing its total holdings to 12,345 BTC. This acquisition incurred a total cost of 19.27 billion Yen, with an average price per Bitcoin standing at 15.6 million Yen.
Strategy to Achieve Bitcoin Goals
This move is a part of the company’s new strategy known as the '555 Million Plan', aiming to acquire 210,000 Bitcoin by the end of 2027, equivalent to one percent of Bitcoin's total supply. This strategy significantly raises the bar compared to the earlier '21 Million Plan'.
Increased Demand for Bitcoin in Corporate Sector
Metaplanet's policy emphasizes directing financial resources toward Bitcoin rather than traditional cash equivalents, opening new opportunities for corporate investors exploring alternative capital market investments.
The ongoing accumulation of Bitcoin by Metaplanet may lead to new corporate investment approaches in Japan and the global marketplace, providing fresh examples for those seeking alternative portfolio diversification amid volatile financial markets.
