Metaplanet adds 790 Bitcoin, now holds 17,130 BTC worth over $2B
Japanese investment firm Metaplanet has purchased an additional 780 Bitcoin, reinforcing its position as the only non-US company among the top 10 corporate Bitcoin holders.
The company disclosed the acquisition in a Monday announcement. Following its latest Bitcoin (BTC) purchase, Metaplanet’s holdings reached a total of 17,132 BTC, with an average purchase price on the newly added Bitcoin of 17,520,454 Japanese yen per coin (around $118,145) for a total cost of about $92 million.
Metaplanet has now spent a total of $1.7 billion on Bitcoin at an average cost basis of approximately $99,640 per coin.
As of the time of writing, Nansen data indicated that Bitcoin trade at $118,171, just above Metaplanet’s latest purchase price. Over the past 24 hours, the cost of Bitcoin has increased by 0.75%.
The news follows recent reports that Metaplanet plans to eventually use its Bitcoin reserves to acquire cash-generating businesses, possibly including a digital bank in Japan.
With this latest acquisition, Metaplanet solidifies its position as the leading Bitcoin treasury not based in the United States. According to BitcoinTreasuries.NET data, the firm is the only non-US Bitcoin treasury among the 10 largest.
Being the seventh-largest Bitcoin treasury in the world, Metaplanet stands behind the Trump Media & Technology Group (the firm behind Truth Social) with its 18,430 BTC, and above Michael Novogratz’s Galaxy Digital Holdings with its 12,830 BTC. Still, Metaplanet’s current 17,132 BTC is a far cry from the world’s first and top Bitcoin corporate treasury Strategy (formerly MicroStrategy) with its 607,770 BTC worth over $72 billion.
