Important to know
- Metaplanet Inc is a Tokyo-listed investment firm formerly known as Red Planet Japan is one of Japan’s most aggressive corporate Bitcoin investors.
- In November 2024, Metaplanet was included in CoinShares’ Blockchain Global Equity Index (BLOCK).
- The cryptocurrency market has seen renewed momentum in recent weeks and positive global economic sentiment.
Metaplanet, a Tokyo-listed investment firm in Japan has acquired 1,004 BTC for approximately $104.3 million, expanding to 7,800 BTC.
The latest acquisition was made at an average price of $103,873 per BTC, bringing Metaplanet’s total Bitcoin holdings now valued at just over $806 million.
Metaplanet has been aggressively pursuing a Bitcoin treasury strategy since April 2024, and this latest purchase is part of the company’s broader strategy to reach 10,000 BTC by end 2025.
Metaplanet has relied on bond issuances to fund its Bitcoin purchases.
The announcement comes as Bitcoin continues to trade near historic highs, hovering around $103,343 at the point this article is being written.