Tuesday, January, 21, 2025

Metaplanet Adds $12.6 Million in Bitcoin Amid Strategic Expansion

Metaplanet buys 150 BTC worth $12.6M and adds Eric Trump to board, strengthening its Bitcoin strategy.
Metaplanet
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

  • Metaplanet adds $12.6 million in Bitcoin, bringing total holdings to 3,350 BTC.
  • Eric Trump joins Metaplanet’s Strategic Board to support its growing Bitcoin strategy.
  • The firm will see 21,000 BTC by 2026 as it becomes Asia’s top public corporate Bitcoin holder.

The Japanese investment firm Metaplanet enlarged its corporate Bitcoin holdings by purchasing $12.6 million. The company obtained 150 BTC at an average purchase cost of $83,801 per coin through the latest acquisition.

With this latest acquisition, Metaplanet holds 3,350 BTC in its corporate bitcoin portfolio. The Bitcoin portfolio value held by Metaplanet reaches $291.3 million through its accumulation of current market pricing.

The purchase disclosure occurred on Monday while serving as Metaplanet’s ongoing approach to aggressively acquire digital assets. Simone Gerovich, CEO of Metaplanet, revealed that the company dedicated $278.8 million to buy Bitcoin.

Eric Trump Joins Metaplanet’s Strategic Board Amid Ongoing Bitcoin Strategy

The announcement follows the appointment of Eric Trump to Metaplanet’s Strategic Board of Advisors last Friday. According to Gerovich, Trump’s business acumen and enthusiasm for Bitcoin will play a crucial role in shaping the company’s future direction.

The organization intends to establish itself among the leading Bitcoin treasury firms worldwide. The company began its Bitcoin strategy collection in April 2024 while operating an intensive acquisition operation.

The organization requires 10,000 BTC before the conclusion of 2025 to fulfill its target objectives. The company plans to have 21,000 BTC under its control as it moves toward its 2026 year-end goals.

Through continuous acquisitions, the firm has positioned itself among the top ten public companies that hold Bitcoin globally. According to Bitcointreasuries.net statistical data, Metaplanet is the largest Bitcoin-holding public company in Asia.

The company currently occupies the second position in corporate Bitcoin ownership, following Michael Saylor’s MicroStrategy, which holds nearly 500,000 Bitcoins. Metaplanet’s control within the crypto sector increased substantially through this recent robust corporate expansion.

The Bitcoin market value reached $86,988 during the announcement, with a 3.4 percent increase since yesterday. The recent Bitcoin purchase by the company occurred at a slightly lower rate than the current market value.

The share value of Metaplanet showed positive gains after the news release, increasing by 4.8 percent during Japanese afternoon market hours. According to Google Finance data, the company stock has increased by more than 38.7 percent during the year.

The company has announced its plan to merge Bitcoin treasury operations with its digital transformation strategy. The acquisition of Bitcoin reserves by public companies continues to grow as a global trend.

Conclusion

Metaplanet’s strategic focus on Bitcoin and its recent high-profile advisory board addition underscores its ambition in cryptocurrency—the company’s recent acquisition positions it strongly in Bitcoin institutional activities within the market.

Also Read: Ripple CEO Hints at Possible Reduction in XRP Sales Amid Ongoing Criticism

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