Metaplanet buys 2,205 BTC for $238.7M, boosting its Bitcoin holdings to 15,555 BTC, worth $1.7B, as Asia’s top crypto treasury firm.
The largest publicly traded Bitcoin holder in Asia has once again consolidated its position in the crypto space with its most recent BTC acquisition. Metaplanet has acquired 2,205 BTC, which is currently valued at 31.7 billion yen, as disclosed by the investment behemoth. This increases the company’s total BTC holdings to 15,555 BTC.
Metaplanet acquires 2,205 bitcoins
Asia’s Strategy has recently acquired a substantial 2,205 BTC to include in its portfolio, demonstrating the company’s confidence in the long-term potential of the cryptocurrency. The company’s total holdings of 15,555 BTC, which are valued at approximately 225.8 billion yen ($1.7 billion), have been increased by this most recent BTC acquisition.
Simon Gerovich, CEO, disclosed the acquisition of $238.7 million in Bitcoins, which were acquired at a rate of $108,237 per BTC, in an X post. Additionally, he stated that Metaplanet’s BTC Yield, a metric that gauges the development of Bitcoin per share, experienced a 15.1% increase in a week. The company’s successful Bitcoin accumulation strategy is underscored by this growth, which showcases the increased value for shareholders despite share dilution.
The company’s stock price has increased by 0.39% due to this noteworthy development, currently standing at 1,551 yen. Despite a 6% decrease in the past five days, the Metaplanet share has experienced a substantial 15% increase in the past month.
Metaplanet has become the fifth-largest Bitcoin holder
Metaplanet’s Bitcoin stash has increased fourfold in an extraordinary four-month period, from nearly 4,000 BTC to over 15,500 BTC. The company has achieved the fifth-largest Bitcoin holdings due to these aggressive acquisitions. Metaplanet is the fifth-ranked company in BTC holdings, following Strategy, MARA Holdings, XXI, and Riot Platforms, as per data from Bitcointreasuries.net.
Metaplanet’s Bitcoin-centric business experienced substantial revenue growth in Q2, with earnings reaching approximately 1.1 billion yen ($7.6 million) in the most recent quarterly report. This represents a 42.4% year-over-year increase.
It has surpassed significant players such as Tesla, CleanSpark, and Galaxy Digital in terms of Bitcoin holdings. CEO Gerovich commented on this extraordinary growth: “This accelerating growth affirms the strength of our strategy—building a sustainable, scalable, and operationally efficient business on a bitcoin standard.”
The organization intends to accumulate an additional 100,000 BTC by 2026 and 210,000 BTC by 2027.
