Metaplanet has purchased 581 BTC for $61 million, raising its total Bitcoin holdings to 18,113 BTC worth $1.83 billion.
The Tokyo-based firm aims to reach 30,000 BTC by the end of 2025 through equity issuance and debt financing.
Despite a 37% stock decline last month, Metaplanet remains up 175% year-to-date and plans to raise $3.7 billion for more BTC.
Metaplanet has expanded its Bitcoin position by acquiring an additional 581 BTC for about $61 million. The purchase was made at an average price of $118,519 per coin. This latest buy has increased the Tokyo-based company’s total holdings to 18,113 BTC, valued at roughly $1.83 billion based on current market prices.
The acquisition follows several recent buys, including 463 BTC purchased last week. The company is working toward its stated goal of holding 30,000 BTC by the end of 2025. Since shifting its business model last year from hospitality to Bitcoin treasury management, Metaplanet has become the sixth-largest corporate Bitcoin holder in the world.
Strategy focuses on aggressive accumulation
Metaplanet’s Bitcoin strategy involves a two-phase plan. The first phase focuses on rapid accumulation through equity issuance and debt financing. Chief Executive Simon Gerovich has explained that the company aims to build a position large enough to be difficult for competitors to match. The second phase will involve using Bitcoin reserves as collateral to secure financing for acquisitions in areas such as digital banking and financial services.
https://twitter.com/Metaplanet_JP/status/1955102630767690131
Metaplanet’s aggressive Bitcoin push has brought the company significant attention and earlier this year drove its share price to record highs. However, over the past month, the stock has fallen about 37%, dropping 55% from its peak earlier this year. The company’s market capitalization has also declined by 44%, from ¥1.14 trillion to approximately ¥638 billion.
Broader market pressures weigh on Bitcoin treasury stocks
The decline mirrors a broader downturn in Bitcoin treasury-related equities. MicroStrategy shares have fallen 30% from their highs, while other companies such as MARA Holdings and Trump Media has also recorded double-digit losses. Despite the recent slide, Metaplanet shares remain up 175% for the year.
Metaplanet has signaled no change to its long-term plans. The firm recently announced an initiative to raise an additional $3.7 billion to expand its Bitcoin holdings. Meanwhile, Bitcoin prices have risen by about 3.8 percent over the past week, trading near $118,706 after briefly topping $122,000.
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