#MetaplanetBTCPurchase
Metaplanet, a Japanese Bitcoin treasury company, has been actively purchasing Bitcoin as part of its treasury strategy. Here are some key updates on their BTC purchases:
*Recent Purchases*: Metaplanet bought an additional 150 Bitcoin on March 18, bringing its total holdings to 3,200 BTC worth approximately $261.8 million. This purchase was part of its plan to acquire 21,000 BTC by 2026.
*Largest Purchase*: In December, Metaplanet made its largest-ever Bitcoin purchase, acquiring almost 620 Bitcoin worth around $60 million. This purchase brought its total holdings to 1,762 BTC, valued at about $168 million.
*Bond Issuance*: Metaplanet issued $13.4 million in 0% bonds to fund more BTC purchases, continuing its aggressive accumulation strategy. The bonds will be redeemable in full on August 26, 2025.
*Stock Performance*: Metaplanet's stock price has surged since it began acquiring Bitcoin, rising from 200 yen to 6,650 yen in early 2025, marking a 3,225% increase. However, its shares have since pulled back and currently trade at around 4,000 yen.
*Future Plans*: Metaplanet aims to acquire 10,000 Bitcoin by Q4 2025 and increase its total holdings to 21,000 BTC by the end of 2026, which would be worth approximately $2 billion at current market prices.
Metaplanet's Bitcoin accumulation strategy has drawn comparisons to MicroStrategy, earning it the nickname "Asia's MicroStrategy". The company's stock price has attracted investor interest, with a 500% growth in its shareholder base in 2024.