Japanese investment group Metaplanet has significantly expanded its cryptocurrency portfolio with a major Bitcoin acquisition. The company recently purchased an additional 2,205 bitcoins for $238.7 million, demonstrating its strong commitment to digital assets as part of its long-term financial strategy.
This substantial investment brings Metaplanet's total Bitcoin holdings to 15,555 BTC, positioning the company as the fifth-largest public holder of Bitcoin worldwide. For more details on Metaplanet's latest Bitcoin acquisition, read about how Metaplanet boosts Bitcoin holdings by $238 million and its strategic implications.
The deal was executed at an average price of $108,237 per BTC, according to CEO Simon Gerovich, who emphasized that this move aligns with the company's vision of treating Bitcoin as a core reserve asset. While MicroStrategy remains the dominant corporate holder with over 597,325 BTC, Metaplanet's aggressive accumulation strategy is turning heads in the investment community.
Supporting its crypto strategy, Metaplanet also reported strong financial performance with a 42.4% year-over-year revenue increase to $7.6 million in the second quarter. These results reinforce the company's confidence in Bitcoin as both a store of value and a strategic asset in its investment portfolio.