Metaplanet buys 1,111 BTC, progressing toward new year-end target of 30,000 BTC
Quick Take Japan’s Metaplanet said Monday in Asia that it bought another 1,111 BTC. The company recently hit 10,000 BTC in total holdings, which was its initial year-end goal before it was revised to 30,000 BTC.
Japan's Metaplanet revealed its latest acquisition of 1,111 BTC on Monday in Asia, bringing its total to 11,111 BTC. The company bought the batch at a price of $106,408 per bitcoin.
According to company CEO Simon Gerovich, the company's total holdings of 11,111 BTC was acquired for $1.07 billion at $95,869 per bitcoin. Based on current market prices, Metaplanet's bitcoin treasury is valued at $1.12 billion.
The latest purchase was made a week after the company brought its holdings to 10,000 BTC , which was its initial year-end goal for 2025. This effectively placed Metaplanet as the ninth largest corporate bitcoin holder, surpassing Coinbase.
Earlier this month, the company revised its earlier set goals to new targets to accumulate 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by the year after that.
While data from Bitcointreasuries.net has not updated Metaplanet's figures with the latest purchase, the 1,111 BTC purchase likely brings the company above bitcoin miner Hut 8's bitcoin treasury of 10,273 BTC.
Meanwhile, Metaplanet's Tokyo-listed stock is down 3.54% to 1,718 yen ($11.72) as of 11:30 a.m. on Monday local time. It remains up 393% since the start of the year, Yahoo Finance data shows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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