Metaplanet, a Tokyo-based investment company, has expanded its Bitcoin holdings by acquiring 1 009 BTC for approximately $112 million, pushing its total reserves to 20 000 BTC. This latest purchase was executed at an average price of 16.3 million yen per bitcoin.
With this acquisition, Metaplanet has overtaken Riot Platforms to become the sixth-largest publicly traded Bitcoin holder. The firm’s average cost basis for the entire reserve now stands at 15.1 million yen per coin, reflecting disciplined accumulation over multiple market cycles.
Company statements indicate that Metaplanet intends to maintain its Bitcoin treasury as a strategic reserve asset, leveraging the cryptocurrency’s potential as a hedge against inflation and currency devaluation. The firm also announced plans to issue millions of new shares to fund further purchases and support corporate growth initiatives.
Investor response has been positive, with Metaplanet’s share price rising by 5% following the announcement. Analysts highlight the move as part of a broader corporate trend of treasury diversification, where firms allocate a portion of balance sheets to digital assets.
Looking ahead, Metaplanet signals readiness to continue adding to its Bitcoin holdings, subject to market conditions and regulatory developments. The firm’s aggressive accumulation strategy underscores confidence in Bitcoin’s long-term value proposition as “digital gold” within a diversified portfolio.
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