Metaplanet's Bitcoin holdings reach 2,391 BTC

Metaplanet, a Japanese investment firm, has expanded its Bitcoin (CRYPTO:BTC) treasury by purchasing an additional 156 BTC for approximately $13.4 million.

The purchase, made at an average price of $85,890 per Bitcoin, brings Metaplanet’s total holdings to 2,391 BTC.

As of March 3, Metaplanet's total investment in Bitcoin amounts to 29.83 billion yen ($196.87 million), with an average buying price of 12.47 million yen ($82,322) per Bitcoin.

The company has been actively accumulating Bitcoin since formally integrating it into its business plan.

Since July 2024, its Bitcoin holdings have increased from 161 BTC to 2,391 BTC.

According to a March 3 statement, the company's CEO, Simon Gerovich, has been exploring a potential listing outside of Japan, including in the United States.

Gerovich met with officials at the New York Stock Exchange and Nasdaq to introduce Metaplanet’s platforms and functions.

"We are considering the best way to make Metaplanet shares more accessible to investors around the world," Gerovich said.

Metaplanet has set ambitious goals to accumulate 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by the end of 2026.

The company’s stock has experienced substantial growth, with shares already trading on OTC Markets since November and increasing 530% from $3 to $18.91.

To fund its Bitcoin acquisition strategy, Metaplanet has been raising capital through bond issuances and stock purchase rights.

Metaplanet issued a fresh bond worth 2 billion yen ($13.2 million) on Feb. 27, under its 7th Series of Ordinary Bonds.

The date of maturity for these bonds is August 26, 2025.

The firm has generated a BTC yield of 15.3% since the start of the year, with a quarterly target of 35%.

Metaplanet’s strategy mirrors a broader market trend of companies integrating digital assets into their financial strategies.

According to Metaplanet, since adopting the Bitcoin Standard on April 8, 2024, the company has experienced exponential growth.

At the time of reporting, the Bitcoin (BTC) price was $92,363.55.