Metaplanet Purchases Additional 1,111 Bitcoin, Totals Reaching 11,111 BTC

TRENTON, NJ – Metaplanet, Japan’s leading corporate treasury company specializing in Bitcoin, announced today the purchase of an additional 1,111 Bitcoin (BTC), bringing its total Bitcoin holdings to 11,111 BTC. This significant acquisition was filed in regulatory documents on Monday.

According to the Monday filing, Metaplanet’s holdings now stand at 11,111 BTC, placing them within striking distance of Tesla’s current Bitcoin reserve of 11,509 BTC.

The Cost of Acquisition and Market Conditions:

Metaplanet spent 17.26 billion Japanese yen (approximately $117 million) on the latest purchase. The transaction averaged a price of just under $105,500 per BTC coin.

As of Monday’s trading, Bitcoin was trading just under $102,000, representing a roughly 3.3% dip from the acquisition price. Despite this short-term fluctuation, Metaplanet’s weighted average acquisition cost basis remains lower at approximately $95,560 per coin.

Accelerating Treasury Growth

The recent purchase follows Metaplanet’s acquisition of 1,112 BTC a week ago, which increased its total holdings to the symbolic 10,000 BTC threshold. This brings Metaplanet’s corporate Bitcoin treasury to an eighth-largest position in the global market.

This ranking has recently fluctuated; Metaplanet briefly dropped to ninth place after mining company Hut 8 increased its BTC holdings. However, it has since regained its eighth position.

With Tesla holding only 398 BTC more at 11,509, analysts suggest Metaplanet could potentially surpass Tesla’s stake by month’s end based on its recent pace of accumulation.

CleanSpark, a leading Bitcoin mining firm, currently holds 12,502 BTC – a lead of approximately 1,391 BTC over Metaplanet’s current position.

A Broader Trend of Bitcoin Treasury Accumulation

Across the globe, corporate treasury adoption of Bitcoin appears to be accelerating. Several publicly traded firms are establishing or significantly expanding their Bitcoin reserves.

Nakamoto Holdings recently secured $51.5 million in funding specifically to acquire additional Bitcoin.

In South Korea, Parataxis Holdings (affiliated with Parataxis Capital Management) announced plans to launch a Bitcoin-native treasury platform for the local public market.

Norwegian crypto firm K33 plans to raise at least $8.9 million through a public share issuance to fund the acquisition of up to 1,000 BTC.

The Norwegian Block Exchange crypto exchange’s stock price jumped over 138% following announcements about its Bitcoin purchasing program.

The Paris-listed technology firm The Blockchain Group recently acquired 182 BTC for about $19.6 million.

According to the BitcoinTreasuries.NET tracker, the number of public companies holding Bitcoin has reached 237, collectively possessing over 832,000 BTC. This represents approximately 3.96% of all existing Bitcoin (based on a total supply capped at 21 million).