Japanese Investment Firm Metaplanet Joins Top Five Corporate Bitcoin Holders with Major Acquisition

Metaplanet Inc. has significantly expanded its Bitcoin reserves, executing its single largest purchase to date. On Monday, the Japanese investment house acquired 5,419 BTC, representing an investment of approximately $632.53 million. The transaction was executed at an average price of $116,724 per coin. This strategic move has propelled Metaplanet into the ranks of the world’s top five corporate holders of the cryptocurrency, positioning it ahead of Peter Thiel’s Bullish and just behind Strategy, Marathon Digital, XXI, and Bitcoin Standard Treasury Company.

With this latest addition, Metaplanet’s total Bitcoin holdings now stand at 25,555 BTC. The current market value of this portfolio is estimated at $2.91 billion, with the firm’s average acquisition cost per Bitcoin calculated at $106,065. Simon Gerovich, Chief Executive Officer of Metaplanet, confirmed the purchase as the “largest... Read more...