Japan's Metaplanet buys 68 BTC to expand holdings to 2,100 BTC

Japanese investment firm Metaplanet acquired an additional 68 BTC ($6.6 million) to expand its total bitcoin holdings to 2,100 BTC ($203 million), as the company remains bullish on the world's largest cryptocurrency.

Metaplanet disclosed on Thursday that it purchased an additional 68.59 BTC at an average price of $96,335 per bitcoin, boosting its holdings to 2,100 BTC, compared to 141 BTC at the end of June 2024. This means Metaplanet currently holds about 0.01% of the total bitcoin supply.

The Tokyo-listed firm announced its bitcoin strategy in April 2024 and has since been on a buying spree. In the Thursday statement, the company reiterated that it remains committed to accumulating bitcoin and aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Metaplanet’s stock closed up 2.78% at 6,290 yen on Thursday in Japan, according to Yahoo Finance. Its stock price has risen 80.75% since the beginning of this year and surged 427.24% over the past six months. The Nikkei 225 index dipped 1.24% today.