Japan-based Bitcoin treasury firm Metaplanet has increased its holdings by acquiring an additional 1,234 BTC worth approximately $132 million (based on current crypto prices).
- The company now holds a total of 12,345 Bitcoin, valued at over $1.32 billion.
- This latest purchase is volume-wise the third-largest Bitcoin acquisition made by Metaplanet, according to its published transaction data.
Metaplanet secured the newly acquired Bitcoin at a rate of 15,617,281 yen ($108,129) per coin. The firm’s stock experienced a 5% decline on the day of this news, trading at around 1,509 yen.
According to sources familiar with the matter, Metaplanet aims to ultimately amass a Bitcoin treasury of 100,000 BTC by the end of the year 2026.
The development highlights the ongoing trend of publicly listed corporations establishing Bitcoin treasury reserves. Current data indicates that over 140 such firms hold combined assets exceeding $90 billion.
Notable among these are companies like MicroStrategy ($63 billion), which pioneered this investing strategy in 2020 by initially purchasing Bitcoin.
In terms of size among publicly listed entities, Metaplanet is currently ranked seventh globally by the amount of Bitcoin held. Major holders include Galaxy Digital Holdings and CleanSpark.
Importantly, Metaplanet is identified by data providers as holding the largest Bitcoin reserve among non-U.S.-based companies publicly traded on foreign markets.
