- Metaplanet adds 1,111 BTC, raising total holdings to 11,111 BTC, worth over $1.12 billion.
- The company surpasses Hut 8, and Coinbase now ranks 9th among global corporate Bitcoin holders.
- New bold targets: 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027.
Japan-based Metaplanet has once again made headlines with its aggressive Bitcoin acquisition strategy. On Monday, the company announced the purchase of an additional 1,111 BTC during Asian trading hours. This latest acquisition raises its total Bitcoin holdings to 11,111 BTC.
The company secured this new batch at an average price of $106,408 per Bitcoin, spending approximately $118 million. According to CEO Simon Gerovich, Metaplanet’s total Bitcoin treasury has accumulated $1.07 billion, with an average purchase price of $95,869 per coin. At current market rates, the holdings are now valued at roughly $1.12 billion.
Currently, Bitcoin is trading at $101,553 with a 24-hour trading volume of $ 57.28B and a market cap of $ 2.02T. BTC price decreased -1.11% in the last 24 hours.
Source: CoinMarketCap
This latest buy comes just a week after Metaplanet crossed the 10,000 BTC mark, a milestone it had initially set as its year-end target for 2025. Achieving this goal more than a year ahead of schedule underscores the company’s aggressive pivot toward Bitcoin as a strategic reserve asset.
Metaplanet Overtakes Hut 8 and Coinbase in Bitcoin Holdings Race
With this new purchase, the firm has surpassed Hut 8 Mining Corp., which holds 10,273 BTC. This move also places the firm as the ninth-largest corporate Bitcoin holder globally, overtaking Coinbase in corporate rankings. However, Bitcointreasuries.net has yet to update its leaderboard with the firm’s most recent acquisition.
Earlier this month, Metaplanet revised its ambitious accumulation targets. The company now aims to hold 30,000 BTC by the end of 2025. Beyond that, it plans to amass 100,000 BTC by 2026 and an eye-popping 210,000 BTC by 2027. If achieved, this would position the firm among the largest Bitcoin holders worldwide, rivaling even nation-states and major institutional players.
Despite the aggressive accumulation, Metaplanet’s stock saw a modest decline on Monday. Shares on the Tokyo Stock Exchange fell 3.54% to 1,718 yen ($11.72) as of 11:30 a.m. local time. Still, year-to-date performance remains impressive, with the stock up nearly 393%, according to Yahoo Finance data.
The firm’s bold Bitcoin strategy reflects a growing trend among publicly listed firms diversifying into digital assets. As regulatory frameworks evolve and institutional adoption grows, companies like Metaplanet are betting big on Bitcoin’s long-term value proposition.
Related | Metaplanet Announces $5.4 Billion Equity Raise to Accelerate Bitcoin Holdings
