- Metaplanet’s latest $132.7M Bitcoin purchase boosts holdings to 12,345 BTC, positioning it among top investors.
- With a $515M capital raise, company aims for 1% of Bitcoin supply, signaling a long-term commitment.
- Despite recent stock decline, Metaplanet’s 353.5% year-to-date growth shows strong investor confidence in Bitcoin strategy.
Japanese investment company Metaplanet has acquired 1,234 BTC at the price of $132.7 million a day after its Bitcoin treasury strategy raised $515 million. The Tokyo-based company reported the acquisition placing it in the position to have 12,345 BTC. This is estimated to be around $1.3 billion at the current market prices and this indicates how the firm is being aggressive in its entry into the cryptocurrency market.
This is the most recent acquisition that makes firms the seventh-largest publicly traded corporate Bitcoin owner. The company has overtaken Tesla, which has 11,509 BTC. The company holdings have become one of the largest Bitcoin investors in the world, according to data published at bitcointreasuries.net. The increase in the company’s Bitcoin holdings is a significant change in the sector.
Metaplanet’s Bold Bitcoin Strategy
The acquisition of Bitcoin by firm follows a significant capital increases. The company issued 74.9 billion yen ($515 million) worth of stocks on Wednesday. The money will be deployed to pursue its aggressive $555 million plan to capture 1% of the total supply of Bitcoin. Overall, the idea of this plan highlights company as a long-term leader in cryptocurrency.
Also Read: Metaplanet Surpasses 11000 BTC with Bold Plan for 210000 Bitcoin
In spite of this bullish approach, company stock has experienced some shaky moments. At noon on Thursday, the stock declined 0.94% in Japan. The stock of the firm has decreased by 12.2% in the last five days. Nevertheless, the share price is already up by 353.5% year-to-date which shows high investor confidence in its long-term objectives.
Metaplanet Sets Sights on 210,000 BTC by 2027
The Bitcoin acquisition strategy by company started in April 2024. Recently, the company updated its target for this month. It targets to have more than 210,000 BTC in its possession by the end of 2027. This is a high aim that is in line with the general objective of the company to take advantage of the future rise of Bitcoin and position itself as a major force in the digital assets sphere.
In comparison, MicroStrategy led by Michael Saylor takes the lead in the race of holding Bitcoin globally. This week, the company bought 245 BTC and currently owns 592,345 BTC. The strategy of Metaplanet aligns with that of other significant corporate bitcoin investors, indicating that large firms still view Bitcoin as a worthwhile long-term prospect.
The fact that the company is investing in Bitcoin reveals that it trusts the virtual currency and anticipates its future growth. The company is strategizing itself to be a significant force in the world of digital assets. Likewise, as Metaplanet continues to accumulate Bitcoin, it will control a significant amount of the small supply of Bitcoin, strengthening its position in the market further.
Also Read: Metaplanet Unveils $5 Billion U.S. Expansion Plan to Boost Bitcoin Accumulation Strategy