Coinspeaker
Feb 20, 2025
6 0

Metaplanet Acquires 338 BTC, Total Holdings Reach 2,100 BTC

1 min

Metaplanet has recently increased its Bitcoin holdings by purchasing 269.43 BTC and an additional 68.59 BTC at $96,335 each. The firm's total Bitcoin holding now stands at 2,100 BTC, acquired at a cost of $169.9 million, averaging $80,905 per BTC.

Bitcoin Accumulation Strategy

  • Metaplanet aims to grow its BTC holdings tenfold by 2026.
  • In under 10 months, it has doubled its holdings and achieved 10% of its target.
  • Currently holds 0.01% of the total BTC supply.

CEO Simon Gerovich stated their objective is to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Funding Initiatives

  • Raised $20 million in equity capital within the first two trading days of its "21M Plan".
  • Secured another 4 billion Japanese Yen through 0% unsecured bonds.
  • Current BTC holdings have generated an 18% year-to-date return.