Metaplanet Acquires Additional 156.78 BTC, Total Holdings Reach 1,018 BTC
Japan-based investment firm Metaplanet has accumulated over 1,000 Bitcoin (BTC), positioning itself as one of Asia’s largest corporate holders of the digital asset.
Metaplanet’s Bitcoin Holdings Top 1,000 BTC
On October 28, Tokyo-listed Metaplanet announced the purchase of an additional 156.78 BTC at an average price of $66,436 per BTC, raising its total to 1,018 BTC with an average acquisition cost of $61,629.
CEO Simon Gerovich stated, “This latest BTC purchase makes Metaplanet one of the largest corporate holders of Bitcoin in Asia.” The company noted:
Since adopting bitcoin as a treasury reserve asset, the company has strategically increased its total bitcoin holdings through acquisitions funded by capital market activities and operational income.
Metaplanet adopted Bitcoin as a strategic reserve asset in May 2024 and has since followed a “Bitcoin-first, Bitcoin-only” approach, including a $2 million purchase in September.
During summer, Metaplanet acquired over 620 BTC, more than 50% of its current holdings, between September 30 and October 28.
This acquisition places Metaplanet ahead of Meitu Inc., which holds 940 BTC according to CoinGecko data.
Among publicly traded companies, Metaplanet ranks 15th in BTC reserves, with MicroStrategy leading at 252,220 BTC, approximately 1.2% of the total Bitcoin supply.
BTC Strategy Reflecting In Metaplanet’s Share Price
According to Arkham Intelligence, Metaplanet’s BTC strategy has resulted in an unrealized gain exceeding $6 million at the current Bitcoin price of slightly above $67,000.
The company introduced a key performance indicator called “BTC yield,” measuring the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding over a period. Between October 1 and October 28, this yield soared to 155.8%.
Following the announcement of the recent BTC purchase, Metaplanet’s stock price increased by over 7%, based on Yahoo! Finance data.
In related developments, Maltese asset management firm Samara Group plans to issue bonds worth over $32 million, potentially allocating part of the proceeds towards BTC purchases as a strategic reserve asset.
As of press time, BTC trades at $68,780, up 1.6% in the past 24 hours, with a total market cap of slightly more than $1.35 trillion.
