Metaplanet Expands Bitcoin Holdings to 16,352 BTC

Japanese investment firm Metaplanet has purchased an additional 797 BTC for about $93.6 million, continuing its aggressive Bitcoin acquisition strategy. CEO Simon Gerovich announced on X that the average purchase price was approximately $117,451 per Bitcoin, bringing their total savings to 16,352 BTC at a cumulative cost of $1.64 billion. Gerovich noted, 'Another week, another tranche.' According to data from bitcointreasuries.net, Metaplanet is now the fifth-largest publicly traded corporate Bitcoin holder, following companies like Strategy, MARA, Twenty One, and Riot Platforms, with Strategy leading at 597,325 BTC. Last year, the Japan-listed company shifted from hotel management to becoming a Bitcoin treasury firm, with plans to hold over 210,000 BTC by the end of 2027. Their growth strategies include borrowing against their Bitcoin holdings to acquire cash-generating businesses, indicative of potential expansion into sectors like digital finance, though such plans remain in early development. In the second quarter, Metaplanet reported a significant revenue increase of 42.4% year-over-year, reaching nearly 1.1 billion yen ($7.6 million). Recently, Bitcoin surpassed $120,000, marking a new all-time high and trading at $120,754, a 2.5% increase over the last 24 hours, as per The Block. Meanwhile, Metaplanet's stock rose by 1% to 1,580 yen ($10.7) during midday trading on Monday, reflecting investor interest amid market changes.