Metaplanet accelerates by acquiring 1,005 Bitcoin, surpassing Galaxy Digital and CleanSpark

Metaplanet, dubbed the "Asian Strategy," has made a bold move by purchasing an additional 1,005 Bitcoin worth 108.1 million USD, at an average price of 107,601 USD/BTC. In total, the company now holds 13,350 Bitcoin, equivalent to approximately 1.44 billion USD.

Surpassing competitors and big ambitions

The latest transaction has propelled Metaplanet past both Galaxy Digital (12,830 BTC) and CleanSpark (12,502 BTC), becoming the fifth-largest publicly traded company in the world by Bitcoin holdings. In just three months, Metaplanet has increased its Bitcoin holdings from 3,350 BTC to 13,350 BTC. Last week, the company also surpassed Tesla (11,509 BTC).

Metaplanet revealed it has issued zero-interest corporate bonds worth 30 billion yen (approximately 208 million USD) to repurchase old bonds and continue acquiring more Bitcoin. This debt restructuring and leveraging strategy indicates that Metaplanet is following in MicroStrategy's footsteps at an extremely aggressive pace.

Market reaction and future goals

This news caused Metaplanet's stock to rise nearly 9% in Monday morning trading in Japan. Over the past month, the stock price has increased by 23%, and year-to-date, it has risen by 350%, similar to the classic price increases of MicroStrategy's stock in the past.

Earlier this month, Metaplanet announced a new goal of holding more than 210,000 BTC by the end of 2027. If achieved, Metaplanet will match the current MicroStrategy, which holds the number one position globally with 592,345 BTC.

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