TLDR
- Metaplanet bought 5419 BTC for 632 million at an average price of 116724 per coin.
- The company now holds 25555 BTC acquired for 2.71 billion at 106065 per coin.
- Metaplanet ranks fifth among public corporate bitcoin holders ahead of Bullish.
- A new US subsidiary will focus on bitcoin income generation through derivatives.
Metaplanet has expanded its bitcoin holdings with its biggest single purchase yet. The Tokyo-based treasury firm acquired 5,419 bitcoin for about $632.5 million. This move positions the company as one of the largest corporate holders of bitcoin worldwide. The purchase comes during a period of rising corporate interest in digital assets, as more companies allocate substantial funds into bitcoin to strengthen their treasuries.
Details of the Acquisition
Metaplanet confirmed on Monday that the purchase was made at an average price of $116,724 per coin. The latest addition raised the company’s total holdings to 25,555 bitcoin. The total value of the holdings now stands at approximately $2.71 billion, with an average cost of $106,065 per coin.
Chief Executive Simon Gerovich announced the deal in a post on X, saying the purchase marked an important step in the company’s long-term bitcoin strategy. The acquisition is the company’s largest to date and comes as it continues to strengthen its balance sheet with digital assets.
Position Among Corporate Holders
With the new purchase, Metaplanet now ranks as the fifth-largest public company holder of bitcoin. The updated position places it ahead of Bullish and just behind Strategy, Mara, XXI, and Bitcoin Standard Treasury Company.
Strategy, led by Michael Saylor, remains the largest public corporate holder with 638,985 bitcoin. Other firms have also continued to expand their bitcoin holdings, but Metaplanet’s latest acquisition sets it apart as one of the most aggressive buyers among corporate entities.
Expansion and Subsidiary Plans
Earlier this month, M
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
