#MetaplanetBTCPurchase Metaplanet, a Japanese investment firm, has made a significant move in the cryptocurrency market by acquiring 1,112 Bitcoin, bringing its total holdings to 10,000 BTC. This purchase surpasses Coinbase Global's holdings of 9,267 BTC, positioning Metaplanet as a top Bitcoin holder. The acquisition was made at an average price of $105,435 per BTC, amounting to $117.2 million.

This latest purchase is part of Metaplanet's aggressive Bitcoin buying strategy, which has seen the company's stock price surge by 22% following the announcement. Metaplanet's CEO, Simon Gerovich, revealed that the firm aims to hold 210,000 BTC by the end of 2027, equivalent to 1% of Bitcoin's total supply. To achieve this goal, the company plans to issue 555 million shares over the next two years, raising $5.4 billion to purchase additional Bitcoin.

Metaplanet's substantial investment in Bitcoin demonstrates its confidence in the cryptocurrency's potential for significant growth and returns. The company's stock price has already seen a substantial increase, rising over 408% since the beginning of the year. With its sights set on accumulating more Bitcoin, Metaplanet is poised to continue playing a major role in the cryptocurrency market.