#MetaplanetBTCPurchase

Metaplanet, a Japanese investment firm, has made significant purchases of Bitcoin (BTC) recently. Here are the details:

- Latest Purchase: Metaplanet acquired 1,112 BTC worth $117.2 million, bringing its total holdings to 10,000 BTC. The average purchase price for the latest acquisition was approximately $105,435 per Bitcoin.

- Total Holdings: Metaplanet now holds 10,000 BTC, valued at around $947 million, with an average acquisition price of $94,697 per coin.

- Ranking: With this purchase, Metaplanet has surpassed Coinbase to become the 7th-biggest corporate holder of Bitcoin, positioning itself to potentially overtake Tesla and Hut 8 in the near future.

- Future Goals: Metaplanet aims to hold 210,000 BTC by the end of 2027, equivalent to 1% of Bitcoin's total supply, which would require purchasing an additional 200,000 BTC over the next 30 months.

- Stock Performance: Following the latest purchase announcement, Metaplanet's share price surged by over 25%, contributing to a year-to-date gain of more than 430% and a total gain of over 2,029% in the past year.

Metaplanet's aggressive Bitcoin buying strategy reflects its growing confidence in the cryptocurrency as a long-term store of value .