Tuesday, January, 21, 2025

Metaplanet Acquires 162 Bitcoin and Sets Sights on 10000 BTC by Year End

Metaplanet
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Zagham Abbas

Zagham is a renowned crypto journalist known for his insightful analysis and in-depth reporting on the cryptocurrency industry.
  • Metaplanet acquired 162 BTC for $13.5 million, bringing its total holdings to 3,050 BTC, valued at around $249.4 million.
  • The firm aims to accumulate 10,000 BTC by 2025 and 21,000 BTC by 2026, solidifying its aggressive Bitcoin investment strategy.
  • Metaplanet recently designated Bitcoin treasury operations as a core business line, with its stock surging 8.1% in response to its growing Bitcoin holdings.

Tokyo-listed investment firm Metaplanet made waves in the crypto space on Wednesday, announcing the acquisition of an additional 162 Bitcoin (BTC), bringing its total holdings to 3,050 BTC. The company spent approximately $13.5 million to purchase this latest batch of Bitcoin for $83,123 per coin.

Metaplanet’s CEO, Simon Gerovich, shared the news on social media platform X, revealing that the firm’s total Bitcoin holdings are now valued at around $249.4 million at current market prices, despite the purchase being made for roughly $253.7 million. This strategic move follows the company’s ongoing commitment to Bitcoin, which has grown since Metaplanet outlined its acquisition strategy in April 2024.

In a bold move to solidify its position in the cryptocurrency sector, Metaplanet designated Bitcoin treasury operations as a core business line in December 2024. The latest acquisition follows its recent purchase of 497 BTC just a week ago for $43.9 million. Since the beginning of the year, Metaplanet has added nearly 1,300 BTC to its portfolio, reinforcing its aggressive Bitcoin strategy.

Metaplanet Plans to Own 21,000 BTC by 2026

With a clear goal in sight, Metaplanet is pushing forward toward its target of accumulating 10,000 BTC by the end of 2025. Looking further ahead, the firm has ambitious plans to hold a total of 21,000 BTC by 2026. This rapid accumulation strategy has positioned Metaplanet as one of the more aggressive players in the Bitcoin investment space.

The company’s commitment to Bitcoin has been reflected in the performance of its stock, which saw an 8.1% surge to 3,610 yen as of the latest trading session in Japan, according to Yahoo Finance data.

As of the time of writing, Bitcoin’s price sits at $82,410, marking a 2.54% increase in the last 24 hours, with a trading volume of $93.05 million. Metaplanet’s increasing stake in Bitcoin underscores the growing institutional interest in the cryptocurrency, signaling confidence in its long-term value.

With its ongoing acquisitions and a clear roadmap for further growth, Metaplanet is positioning itself to become a significant force in the world of Bitcoin investment.

Related | Mt. Gox Moves Over $900 Million in Bitcoin, Sparks Speculation Over Creditor Repayments

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