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Metaplanet Ascends to Ninth Largest Bitcoin Holder

Metaplanet Ascends to Ninth Largest Bitcoin Holder

Dubbed the “Japanese Strategy,” Metaplanet has acquired 319 BTC for $26.52 million, paying $83,147 per coin.

The firm’s total cryptocurrency holdings have reached 4525 BTC ($408.1 million) at an average acquisition cost of $90,194.

The company’s bitcoin investment yielded a return of 95.6% in the first quarter, with a 6.5% increase from January 1 to April 14.

According to Bitcoin Treasuries, Metaplanet has climbed to the ninth position in corporate digital gold reserves, solidifying its status as the largest holder in Asia.

1-1514
Source: Bitcoin Treasuries.

Metaplanet has been actively increasing its crypto assets since adopting a bitcoin strategy in early April 2024. The firm aims to accumulate 10,000 BTC by the end of 2025.

In February, following the adoption of its crypto strategy, the company’s stock prices surged by over 2700%.

Strategy’s Acquisition

On April 13, Strategy acquired 3459 BTC at an average price of $82,618, totaling $285.8 million.

The company’s bitcoin reserve has increased to 531,644 BTC ($35.92 billion), with an average purchase price of $67,566 per BTC.

Strategy holds the top position among corporations in terms of bitcoin holdings. The second-ranked MARA holds 47,600 BTC.

Earlier, the company reported unrealized losses amounting to $5.91 billion for the January-March period. 

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