Metaplanet adds 162 Bitcoin to treasury

Tokyo-listed investment firm Metaplanet announced the addition of 162 Bitcoin (CRYPTO:BTC) to its corporate treasury, bringing its total holdings to 3,050 BTC.

The company spent $13.5 million on the purchase at an average price of $83,123 per Bitcoin.

This move aligns with its aggressive strategy to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Metaplanet CEO Simon Gerovich confirmed the acquisition on X, stating that the company remains committed to its Bitcoin treasury operations, which were designated as a core business line in December 2024.

The firm has already acquired nearly 1,300 BTC this year alone, including a significant purchase of 497 BTC last week for $43.9 million.

The company’s total Bitcoin holdings are currently valued at approximately $249.4 million based on market rates but were acquired for roughly $253.7 million.

Despite the slight unrealised loss, Metaplanet’s stock price surged by 8.1% to 3,610 yen during midday trading in Japan following the announcement.

Since initiating its Bitcoin acquisition strategy in April 2024, Metaplanet has rapidly expanded its treasury holdings through consistent purchases and strategic financial maneuvers such as stock acquisition rights exercises and bond issuances.

The company aims to establish itself as one of the largest corporate Bitcoin holders globally, a goal reflected in its ambitious “21 Million Plan.”

The latest purchase comes amid a broader upward trend in Bitcoin prices, which rose 2% in the past 24 hours to $81,847 at the time of publication.

Analysts view Metaplanet’s continued investments as a bullish signal for institutional confidence in Bitcoin’s long-term value.

Gerovich emphasised that the firm is focused on maximising shareholder value through Bitcoin accumulation rather than short-term gains.

“We’re here to accumulate and lead, not sell,” he stated earlier this year.

At the time of reporting, the Bitcoin (BTC) price was $81,780.55.