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As Bitcoin Approaches ATH Levels, Japanese Investment Firm Metaplanet Continues to Purchase Bitcoin! Here is the Latest Purchase Amount
The Japanese investment firm Metaplanet strengthened its aggressive accumulation strategy by adding 1.004 Bitcoin (BTC) to its corporate treasury, raising its total assets to 7,800 BTC.
Metaplanet Acquires 1,004 Bitcoin for 104 Million Dollars, Total Assets Approach 806 Million Dollars
The company announced on Monday that its latest acquisition, worth $104.3 million, was carried out at an average price of $103,873 per bitcoin. According to CEO Simon Gerovich, this brings Metaplanet's total Bitcoin investment to approximately $712.5 million, acquired at an average cost of $91,343 per BTC.
At current market prices – according to The Block's price page, Bitcoin, trading at $103,343, has a BTC stash of Metaplanet valued at approximately $806 million.
Due to its Bitcoin-weighted corporate strategy, Metaplanet, often referred to as "Asia's MicroStrategy," began accumulating BTC in April 2024 and steadily increased its purchases in pursuit of a target of 10,000 BTC by the end of 2025.
The company listed in Tokyo primarily financed Bitcoin purchases through a series of bond issuances. The $15 million bond issuance announced last week was the 15th bond sale since the launch of its crypto-focused strategy.
According to the data from Bitcointreasuries.net, Metaplanet is currently the largest publicly traded institutional Bitcoin holder in Asia and ranks 11th globally. It is only behind US-based companies like MicroStrategy, led by Michael Saylor, which maintains its global leadership with 568,840 BTC.
The company's BTC accumulation strategy seems to be paying off, at least in terms of investor sentiment. According to Yahoo Finance, Metaplanet's shares rose by 12.2% in Japan on Monday, and trading is still ongoing.
The purchase took place as Bitcoin continues to hover near all-time highs. The asset has remained relatively flat over the past 24 hours but has seen renewed upward momentum in recent weeks due to institutional inflows and strong ETF performance.