Metaplanet has made another big move in the corporate Bitcoin game, announcing it purchased an additional 1,005 BTC worth about $108 million, lifting its total Bitcoin stash to 13,350 BTC. This latest purchase places the Tokyo-listed firm ahead of major crypto players Galaxy Digital and CleanSpark, both of which previously held larger reserves.Metaplanet CEO Simon Gerovich confirmed Monday that the company bought this batch at an average price of $107,601 per Bitcoin, bringing its current BTC portfolio’s estimated market value to $1.4 billion.According to BitcoinTreasuries.net, Metaplanet now ranks as the fifth-largest publicly listed corporate Bitcoin holder globally, only behind giants like MicroStrategy, whose holdings remain unmatched at over 592,345 BTC under the leadership of Michael Saylor.
Bold Target: Over 210,000 BTC by 2027
In a post on X, Gerovich celebrated the company’s milestone, pointing out that just three months ago, Metaplanet reported 3,350 BTC at its annual shareholder meeting. Since then, the firm has ramped up its accumulation strategy aggressively, adding a staggering 10,000 BTC in a single quarter.
Earlier this month, Metaplanet set an ambitious new goal: to surpass 210,000 BTC in total holdings by the end of 2027. If achieved, this target would position the company as a serious contender in the corporate Bitcoin landscape, rivalling even MicroStrategy’s aggressive strategy.
New Bonds Issued to Fund Bitcoin Buys
To fund its ongoing Bitcoin expansion, Metaplanet disclosed the issuance of zero-interest ordinary bonds worth 30 billion yen (about $208 million) with a redemption date of December 29, 2025.
Part of these funds will be used to buy back and cancel its existing third series of bonds, originally announced in November 2024, while the remainder will go directly toward more Bitcoin purchases.
“Funds raised through the issuance of the new bonds will be partially allocated to the buyback and cancellation, with the remainder used for the purchase of Bitcoin,” the company said in an official statement.
Stock Price Soars as Investors Back Bitcoin Strategy
The market has responded positively to Metaplanet’s aggressive Bitcoin accumulation. According to Yahoo Finance, Metaplanet’s stock price jumped 9.9% on Monday morning in Japan while trading was still open. The company’s shares have climbed an impressive 53.5% over the past month and have skyrocketed 370.7% year-to-date, reflecting strong investor support for its Bitcoin-centric growth strategy.
As of now, MicroStrategy remains the dominant corporate holder with 592,345 BTC, having added another 245 BTC just last week. Metaplanet’s bold target of 210,000 BTC over the next two years shows that the race to accumulate Bitcoin is far from over.
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