Metaplanet Expands Its Bitcoin Assets to Reach $2 Billion

Japanese Company Metaplanet Aims High with Bitcoin Acquisition Strategy

Metaplanet, a Japanese company, has been making waves in the Bitcoin market with its ambitious long-term goal. If successful, Metaplanet would hold a substantial percentage of the Bitcoin supply.

The company's BTC-focused strategy, initiated in April 2024, has seen Metaplanet acquire a significant amount of Bitcoins. In its latest purchase, Metaplanet acquired 7.80 Bitcoins for approximately $92.5 million, at an average price of $118,622 per BTC.

Metaplanet's average acquisition cost for Bitcoins stands at $101,030 per BTC. As of now, the company's total holdings of Bitcoin are 17,132 BTC, giving it a total worth of approximately $2 billion at the current price.

The company's CEO, Simon Gerovich, has confirmed the acquisitions. Metaplanet's long-term goal is to secure more than 210,000 BTC by 2027, a move that would position them among the top holders of Bitcoin worldwide.

This long-term goal, if achieved, would require Metaplanet to acquire more than the current circulating supply of Bitcoins, which is approximately 18.6 million. If successful, Metaplanet would hold a significant portion of the Bitcoin supply.

Currently, Metaplanet ranks seventh among companies worldwide with the largest amount of Bitcoins, according to data from Bitcointreasuries. The company's strategic approach to Bitcoin has earned it a place among the top Bitcoin holders, a position it aims to strengthen in the coming years.

In a recent development, Metaplanet raised its long-term goal to secure 1% of the Bitcoin supply by 2027. This ambitious goal, if achieved, would position Metaplanet among the top Bitcoin holders globally.

Metaplanet's Bitcoin acquisition strategy is a testament to the company's faith in the future of Bitcoin and its potential as a store of value. As the company continues to acquire Bitcoins, it will be interesting to see how close it gets to its long-term goal.