- Metaplanet purchased an additional 1,004 Bitcoin for about $104.3 million.
- The company’s bitcoin holdings now stand at 7,800 BTC, valued at over $806 million.
- The average purchase price for the latest acquisition was $103,873 per bitcoin.
- Metaplanet is aiming to reach 10,000 BTC by the end of 2025.
- The company finances its bitcoin acquisitions through bond sales, including a recent $15 million issuance.
Metaplanet, a firm listed on the Tokyo Stock Exchange, has bought 1,004 more bitcoin, spending approximately $104.3 million. The purchase is part of the company’s effort to expand its digital asset holdings as it works toward a long-term target.
According to a disclosure made Monday, the company acquired this latest batch of bitcoin at an average price of $103,873 per coin. Metaplanet’s total bitcoin position now amounts to 7,800 BTC, which has a market value slightly above $806 million based on recent prices.
The company stated that its overall average acquisition price stands at $91,300 per bitcoin. “The move aligns with Metaplanet’s strategy to build up its bitcoin reserves using a model similar to several U.S. firms,” the filing noted.
Metaplanet began building its bitcoin treasury in April 2024. The firm’s approach is modeled after companies like MicroStrategy, which are known for holding large amounts of bitcoin as part of their business reserves. The company has financed these purchases through a string of bond sales, with its most recent, the fifteenth, raising $15 million.
Bitcoin’s price continues to trade near its historic peak, hovering at around $103,343. The latest investment follows a period of positive sentiment in the wider cryptocurrency market, which has seen prices rise in recent weeks.
Metaplanet has announced plans to further increase its bitcoin assets, with a stated goal of holding 10,000 BTC by the end of 2025. This ongoing effort is expected to continue through similar financial strategies.
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