Tuesday, January, 21, 2025

Metaplanet Stacking More Bitcoin as Global Expansion Gains Momentum

Metaplanet added 156 BTC, boosting its total to 2,391 BTC worth $196.3M. With shares surging 530% and plans for a U.S. listing, the firm is rapidly cementing its place as a corporate Bitcoin giant.
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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 acquires 156 more Bitcoin (BTC) for $13.4M, bringing total holdings to 2,391 BTC.
  • CEO Simon Gerovich explores global expansion, discussing potential U.S. stock listing.
  • Metaplanet’s stock has surged 530% on OTC Markets and 1,800% on the Tokyo Stock Exchange.

Bitcoin-stacking investment firm Metaplanet continues solidifying its position in the crypto market, purchasing an additional 156 Bitcoin (BTC) on March 3. The latest acquisition, valued at approximately $13.4 million at an average price of $85,890 per BTC, brings the company’s total holdings to 2,391 BTC, according to an official statement.

Under the leadership of CEO Simon Gerovich, Metaplanet has aggressively expanded its Bitcoin investment strategy, accumulating $196.3 million worth of BTC at an average price of $82,100. The firm’s calculated approach has already yielded a 13% return on investment since it first embarked on its Bitcoin-centric strategy in April 2023.

Beyond its Bitcoin accumulation, Metaplanet is now looking to extend its global reach. Over the past week, Gerovich discussed with officials at the New York Stock Exchange (NYSE) and Nasdaq, presenting Metaplanet’s platforms and plans. The company is evaluating a potential stock listing outside Japan, with the U.S. emerging as a prime candidate.

“We are considering the best way to make Metaplanet shares more accessible to investors worldwide,” Gerovich stated in a March 3 post on X (formerly Twitter).

Metaplanet’s stock (MTPLF) has been available on OTC Markets since November 2023, granting international investors increased access. OTC Markets, a U.S.-based financial exchange, provides pricing and liquidity data for over 12,400 over-the-counter securities, including many international stocks.

Metaplanet Stock Skyrockets 530% on Bitcoin Bet

Metaplanet’s stock has seen a meteoric rise, surging 530% from $3 to $18.90 since its OTC listing on November 22. Additionally, on its home turf, the company has been one of the Tokyo Stock Exchange’s standout performers, skyrocketing 1,800% in the last year, per Google Finance data.

Furthermore, based on data from BitBo’s BitcoinTreasuries. NET, the firm, currently ranks as the 14th largest corporate Bitcoin holder globally. Metaplanet has an ambitious plan to accumulate 21,000 BTC by 2026. It is positioning itself at the forefront of Japan’s Bitcoin renaissance.

Moreover, to support this initiative, the company has been leveraging various financial instruments to optimize its Bitcoin strategy. It ensures sustainable growth while reinforcing its bullish stance on the world’s largest cryptocurrency.

Metaplanet continues expanding its Bitcoin treasury and exploring international market opportunities. It is emerging as a major force in the evolving corporate adoption landscape.

Related | THORChain Swaps Hit $1B After Bybit Hack as Crypto Activity Surges

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