$BTC
Metaplanet, a Japanese investment firm, has reached a significant milestone in its Bitcoin strategy, now holding 10,000 BTC after purchasing 1,112 BTC worth approximately $117 million. This acquisition brings Metaplanet's average purchase price to around $94,697 per Bitcoin and yields a remarkable 266.1% year-to-date.
*Key Highlights:*
- *New Milestone*: 10,000 BTC acquired at an average price of $94,697 per BTC
- *Surpassing Coinbase*: Metaplanet has surpassed Coinbase Global in total corporate Bitcoin holdings, ranking as the 7th-largest publicly traded BTC holder
- *Corporate Pivot*: Metaplanet shifted its focus from hotel development to Bitcoin treasury management, targeting 210,000 BTC by 2027
*Market Performance:*
- *Stock Surge*: Metaplanet's stock surged 25.58% to 1,895 JPY following the announcement
- *Year-to-Date Gains*: The stock has delivered extraordinary year-to-date returns of 430%, reflecting investor confidence in the company's Bitcoin-centric transformation
*Future Targets:*
- *100,000 Bitcoin*: Metaplanet aims to hold 100,000 Bitcoin by end-2026, representing a 10x increase from current holdings
- *210,000 Bitcoin*: The company plans to reach 210,000 Bitcoin by end-2027, approximately 1% of all Bitcoin that will ever exist ¹