#MetaplanetBTCPurchase Japanese investment firm Metaplanet Inc. has significantly expanded its Bitcoin holdings, reinforcing its position as one of Asia's leading corporate Bitcoin holders.
Recent Bitcoin Purchases
In October 2024, Metaplanet acquired an additional 107.913 BTC at an average price of ¥9.26 million (approximately $64,168) per Bitcoin, totaling about ¥1 billion ($6.9 million). This purchase increased the company's total Bitcoin holdings to 506.745 BTC, valued at around $32.2 million at that time .
By mid-October 2024, Metaplanet had further expanded its Bitcoin portfolio, bringing its total holdings to 855.5 BTC, worth over $56.1 million based on market rates then .
Strategic Financing
To finance these acquisitions, Metaplanet arranged a ¥1 billion ($6.8 million) loan from its shareholder, MMXX Ventures, in August 2024. The six-month loan carried an interest rate of 0.1% per annum and was fully allocated for Bitcoin purchases .