Metaplanet has made a significant acquisition of Bitcoin, enhancing its position in the cryptocurrency ecosystem.
Acquisition of BTC by Metaplanet
CEO Simon Gerovich announced on Monday that the company acquired 1,112 additional BTC for $117.2 million, paying an average price of $105,435 per coin. This was disclosed in a post on X signaling Metaplanet’s strategy of aggressive Bitcoin accumulation.
Comparison with Coinbase Holdings
According to Bitcointreasuries.net, Coinbase Global currently holds 9,267 BTC. With this latest buy, Metaplanet now holds a larger Bitcoin treasury than the U.S.-based crypto exchange.
Support for Long-term Bitcoin Investments
Alongside the Bitcoin purchase, Metaplanet revealed that its board approved the issuance of its 18th series of ordinary bonds worth $210 million. The bonds are scheduled to mature on December 12, 2025. The company confirmed that the funds raised are scheduled to be allocated toward the purchase of Bitcoin, underlining its commitment to long-term Bitcoin investment.
This development strengthens Metaplanet’s status as a leading corporate Bitcoin holder, following in the footsteps of other institutional heavyweights such as MicroStrategy.
