Japanese firm Metaplanet recently pumped another $112 million into Bitcoin, boosting its holdings to a hefty 20,000 BTC. This move makes it one of the world’s biggest corporate Bitcoin owners, placing it sixth globally and first outside the United States. They just bought 1,009 more Bitcoin units.
This latest purchase, announced by Metaplanet on its X account, cost about 16.479 billion yen. That’s around $112 million. The company paid an average of 16,331,984 yen, or roughly $111,068, for each new Bitcoin. Now, Metaplanet’s average cost for all its Bitcoin stands at $102,827 per unit. Their total investment adds up to 302.312 billion yen, which is about $2.056 billion.
This wasn’t always Metaplanet’s game. The company used to focus on hotels before it started buying Bitcoin in April 2024. Now, it mirrors a strategy seen in many public companies: raising cash through stock and debt to snap up more Bitcoin. The goal is to build shareholder value.
Metaplanet isn’t shy about its ambitions. The company aims for 30,000 BTC by the end of 2025. They’re already 66.6% there. Looking further out, they’ve set a massive target: 200,000 BTC by 2027.
Just last week, the company announced another $11.7 million Bitcoin purchase. Days later, Metaplanet shared plans to sell up to 555 million new shares on international markets. This move aims to collect about $880 million, mostly to buy even more Bitcoin. CEO Simon Gerovich has also mentioned that the company might one day use its Bitcoin reserves as collateral to buy cash-generating businesses.
After the latest news, Metaplanet’s shares in Tokyo dipped 5.5%, closing at 831 yen. Meanwhile, its stock trading in the United States saw a small gain, up 0.83% to $6.11 by Friday’s close. Bitcoin itself was trading just under $109,000, up about half a percent in 24 hours but still 12% below its all-time high of $124,000 at the time of this article.
Source: Metaplanet’s official X account