zycrypto.com
Bitcoin treasury firm Metaplanet, which rebranded in 2024 from a hotel and technology firm to a dedicated Bitcoin treasury, has amassed an additional 775 $BTC worth roughly $93 million, reinforcing its position as the only non-US company among the top 10 corporate Bitcoin holders.
Metaplanet Now Holds 18,888 $BTC
The Tokyo-listed firm disclosed the purchase in a Monday announcement. Following its latest $BTC acquisition, Metaplanet’s holdings reached a total of 18,888 $BTC, with an average purchase on the newly added Bitcoin of $120,006.
Metaplanet has spent a record $1.94 billion on Bitcoin at an average cost of $102,653 per coin. As of the time of writing, CoinGecko data showed that Bitcoin traded below $115,000, which is below Metaplanet’s latest purchase price.
Nevertheless, Metaplanet has solidified its position as the leading Bitcoin treasury not based in the United States following its latest buy. The company is the only non-US Bitcoin treasury among the 10 biggest, according to BitcoinTreasuries.NET data.
Being the seventh-largest Bitcoin treasury in the world, Metaplanet stands just ahead of the Trump Media & Technology Group (the company behind Truth Social) with its 15,000 $BTC, and behind Riot Platforms with its 19,239 $BTC. Still, Metaplanet’s current 17,132 $BTC is a far cry from the world’s first and top Bitcoin corporate treasury Strategy (previously known as MicroStrategy) with 628,946 $BTC worth over $72 billion.
In June, Metaplanet achieved its 10,000 $BTC target earlier than expected, having set a 470% portfolio expansion goal earlier in January. The Japanese firm is still a long way from its broader 2027 goal of 210,000 $BTC, but closer to its nearer-term target of 100,000 $BTC by year-end.
Meanwhile, the price of Bitcoin has slumped from its recent all-time peak of $124,128 to as low as $114,916 earlier today, as last week’s hotter-than-expected U.S. macro data continued to dampen investor confidence.
Further eroding confidence was the U.S. Treasury Secretary Scott asserting that the government will not be buying more Bitcoin for its strategic reserve.