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.