Metaplanet, a Japan-based company, has continued its Bitcoin buying spree, purchasing an additional 463 BTC for approximately $54 million. This brings their total holdings to 17,595 BTC, valued at around $1.78 billion, with an average purchase price of $101,422 per coin.
*Key Details of the Purchase:*
- *Amount Spent*: ¥7.995 billion ($55.17 million) on 463 BTC
- *Average Price*: ¥17.27 million ($119,163) per BTC
- *Total Holdings*: 17,595 BTC, worth approximately $1.80 billion
- *Ranking*: Metaplanet is now the seventh-largest Bitcoin holder globally
*Metaplanet's Future Plans:*
- *Goal*: Reach 100,000 BTC by the end of 2026 and 210,000 BTC by 2027
- *Capital Raising*: Filed to issue 555 billion yen ($3.7 billion) worth of new perpetual preferred shares to support Bitcoin buying strategy
- *Strategy*: Focus on growing Bitcoin per share, with a key metric called "BTC Yield" tracking percentage growth of Bitcoin holdings per fully diluted share .
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