worldcoinindex.com
Tokyo-based Bitcoin treasury powerhouse Metaplanet has strengthened its cryptocurrency reserves with a new purchase of 518 $BTC worth roughly $61.4 million. The acquisition, disclosed on Tuesday, was made at an average price of $118,519 per Bitcoin.
This move brings Metaplanet’s total Bitcoin holdings to 18,113 $BTC, accumulated for about $1.85 billion at an average entry price of $101,911. CEO Simon Gerovich reaffirmed the company’s aggressive accumulation strategy, positioning Metaplanet as the sixth-largest corporate Bitcoin holder globally. It trails industry leaders such as Michael Saylor’s Strategy, which itself expanded its holdings to 628,946 $BTC after buying an additional 155 $BTC this week.
The announcement follows Metaplanet’s earlier plan to raise up to 555 billion yen ($3.7 billion) through perpetual preferred share offerings, earmarked to further expand its Bitcoin portfolio.
Despite Bitcoin’s 2.4% dip to $118,883 in the past 24 hours, the cryptocurrency remains up 4% over the week. Metaplanet’s stock slipped 1.6% on Tuesday in Tokyo trading, reflecting broader market fluctuations, yet it remains up 183% year-to-date despite a recent 37% monthly pullback.
This latest buy underscores Metaplanet’s unwavering belief in Bitcoin as a long-term treasury asset—placing it firmly among the elite ranks of corporate crypto whales.