Crypto:
36638
Bitcoin:
$91.205
% 2.07
BTC Dominance:
%58.6
% 0.05
Market Cap:
$3.11 T
% 1.94
Fear & Greed:
28 / 100
Bitcoin:
$ 91.205
BTC Dominance:
% 58.6
Market Cap:
$3.11 T

Institutional Bitcoin Frenzy: Japanese Giant Metaplanet Makes Record Purchase

Metaplanet Makes a Massive Bitcoin Purchase!

Japan’s leading Bitcoin treasury company, Metaplanet, has announced the purchase of 1,009 BTC for 16.48 billion Japanese yen (approximately $112 million). With this latest acquisition, the company’s total Bitcoin holdings have reached 20,000 BTC.

Average Purchase Price

In its statement, Metaplanet revealed that the Bitcoins were bought at an average price of $111,068 per BTC. This move marks yet another step in the company’s aggressive accumulation strategy, which has shown no signs of slowing down in recent months.

According to data from Bitcointreasuries.net, following this announcement, Metaplanet has likely surpassed Riot Platforms to become the sixth-largest publicly traded Bitcoin treasury company in the world.

Target: 30,000 BTC

Just three months ago, Metaplanet announced that it had accumulated 10,000 BTC. However, that milestone was quickly exceeded, and the company has now revised its year-end target to 30,000 BTC. This aggressive strategy underscores its commitment to Bitcoin as a long-term store of value.

Last week, Metaplanet also revealed plans to raise 130 billion yen (around $880 million) through an international equity offering. The company stated that the majority of the proceeds will be allocated to Bitcoin purchases within the next two months.

CEO’s Strategic Remarks

Metaplanet CEO Simon Gerovich previously noted that the company could consider leveraging its Bitcoin holdings by taking on debt to acquire cash-generating businesses in the future. This highlights Bitcoin’s role not only as a reserve asset but also as a strategic financial lever for the firm.

At the time of writing, Bitcoin is trading at $107,605, down 1.53% in the past 24 hours. Despite this decline, Metaplanet’s aggressive buying demonstrates that institutional demand for BTC remains strong.

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