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Metaplanet Makes Largest Bitcoin Buy Yet
The Japanese firm now holds over 25,000 BTC and is ramping up a U.S. expansion focused on bitcoin income strategies.
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Metaplanet announced Monday that it has acquired 5,419 BTC for roughly $632.5 million, marking its largest bitcoin purchase to date. The buy pushes the firm’s total holdings to 25,555 BTC, valued at approximately $2.71 billion, and positions it as the fifth-largest public corporate holder of bitcoin.
What’s the Scoop?
- Largest purchase yet: The BTC was acquired at an average price of $116,724, according to CEO Simon Gerovich, who shared the update in a post on X.
- Massive treasury position: Metaplanet now holds 25,555 BTC at an average cost basis of $106,065 per bitcoin, per company disclosures.
- New funding fueling buys: Earlier this month, the firm announced plans to raise $1.4 billion through the issuance of 385 million new shares, with proceeds earmarked for additional bitcoin acquisitions.
- U.S. expansion underway: Metaplanet’s board recently approved the formation of a new U.S. subsidiary—Metaplanet Income Corp.—to scale its bitcoin income generation business, including derivatives-based yield strategies.