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- Metaplanet buys 1,241 BTC for $126.7 million, surpassing El Salvador’s 6,174 BTC holdings.
- The firm’s total Bitcoin holdings reach 6,796 BTC, aiming for 10,000 BTC by the end of 2025.
- To fund its Bitcoin strategy, the firm has raised capital through multiple bond issuances, including a $21.25 million sale.
Japanese investment firm Metaplanet has purchased an additional $126.7 million worth of Bitcoin, propelling its total holdings to a level that now surpasses the Bitcoin reserves of the Central American nation of El Salvador. It marks another milestone in the firm’s ambitious strategy to accumulate Bitcoin, often referred to as “Asia’s Strategy” for its aggressive and continuous expansion into the digital asset space.
Metaplanet made the announcement on Monday, revealing that it had acquired 1241 Bitcoin for approximately $126.7 million. The firm purchased these coins at an average price of $102,119 per Bitcoin, bringing its total Bitcoin holdings to 6,796 BTC, which have been acquired at an average price of $89,492. Metaplanet has invested a total of $608.2 million in Bitcoin, and at current market prices, it values its Bitcoin portfolio at around $706.7 million.
In a statement shared on X (formerly Twitter), Metaplanet’s CEO, Simon Gerovich, highlighted the company’s rising influence in the crypto space, emphasizing the firm’s newfound position ahead of El Salvador, which had initially gained global attention for adopting Bitcoin as legal tender back in 2021. “Metaplanet now holds more Bitcoin than El Salvador,” Gerovich proudly noted. “From humble beginnings to rivaling nation-states, we’re just getting started.”
Metaplanet Surpasses El Salvador in Bitcoin Reserves
As of the latest reports, El Salvador holds a total of 6,174 BTC, according to its Bitcoin Office, indicating that Metaplanet has now surpassed the nation in terms of its Bitcoin reserves. This development adds a new layer of complexity to the ongoing global conversation about Bitcoin adoption, with private corporations like Metaplanet now holding more Bitcoin than entire nations.
Metaplanet’s Bitcoin acquisition journey began in April 2024, marking the start of a strategic push to build a significant position in the cryptocurrency market. The company’s steady accumulation of Bitcoin over the past months is part of its broader investment strategy, with the goal of reaching 10,000 BTC by the end of 2025. Last month, Metaplanet crossed the halfway mark towards this ambitious target, continuing to demonstrate its commitment to expanding its digital asset portfolio.
In order to finance its Bitcoin acquisitions, Metaplanet has turned to the bond markets. The company has completed a series of bond issuances to fund its cryptocurrency strategy, and on Friday, it announced the completion of a new $21.25 million bond sale. It marks the firm’s 14th bond issuance to date, underscoring its sustained focus on securing capital for its crypto investments.
Metaplanet Becomes Asia’s Top Bitcoin Holder
According to data from Bitcointreasuries.net, Metaplanet now holds the most Bitcoin among publicly listed companies in Asia, and it currently ranks 11th worldwide among institutional holders. The company’s strategy puts it in close competition with some of the biggest names in the cryptocurrency space, including MicroStrategy, the leading corporate holder of Bitcoin globally with a staggering 555,450 BTC.
The firm’s growing dominance in the market was reflected in its share price, which rose by 3.82% during Monday’s trading session on the Tokyo Stock Exchange. As the world continues to closely monitor Bitcoin’s development as both a store of value and a potential hedge against inflation, Metaplanet’s continued accumulation of Bitcoin represents a clear signal of the increasing role that corporate and institutional players are playing in the digital asset ecosystem.
With the company’s ambitious goals and ongoing strategy, it seems Metaplanet is positioning itself as one of the most important players in the Bitcoin investment landscape, paving the way for further developments in the years to come.
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