Crypto:
36638
Bitcoin:
$91.281
% 2.22
BTC Dominance:
%58.7
% 0.02
Market Cap:
$3.13 T
% 1.20
Fear & Greed:
28 / 100
Bitcoin:
$ 91.281
BTC Dominance:
% 58.7
Market Cap:
$3.13 T

Metaplanet Strengthening Its Crypto Strategy Continues Buying Bitcoin

Metaplanet Makes a Massive Bitcoin Purchase!

Japan-based Bitcoin treasury company Metaplanet has made a new purchase in line with the upward trend in the crypto market. The company announced that it acquired 136 BTC for approximately $15.2 million.

Metaplanet’s Bitcoin Investment Is Growing

Metaplanet CEO Simon Gerovich stated on Monday via X that the latest purchase was made at an average price of $111,666 per BTC.

With this latest acquisition:

  • Metaplanet’s total BTC holdings reached 20,136 BTC.
  • The average cost per Bitcoin for the company is now $103,196.
  • The total value of its holdings is approximately $2.08 billion.

According to BitcoinTreasuries data, Metaplanet ranks sixth globally among publicly traded companies in terms of total BTC holdings. At the top is Michael Saylor’s Strategy with 636,505 BTC, followed by Mara, XXI, Bitcoin Standard Treasury Company, and Bullish, with Metaplanet coming right after these giants.

Mixed Stock Performance

Despite its Bitcoin investments, Metaplanet’s stock has shown fluctuating performance. On Monday midday trading in the Japanese stock market, shares fell by 1.2%. Over the past month, shares dropped by 30%, but have increased 101% year-to-date. Its U.S.-traded shares closed last Friday at $4.86, down 1.6%.

Bitcoin Market Update

Bitcoin rose 0.5% in the last 24 hours, trading at $111,146 as of Sunday 23:45. With its continued Bitcoin purchases, Metaplanet is expanding its institutional-level BTC reserves, positioning the company as one of the largest Bitcoin holders globally. However, fluctuations in its stock continue to attract investor attention.

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