Metaplanet has added another 1,234 Bitcoin to its treasury, bringing its total holdings to 12,345 BTC, as the Japanese firm continues to ramp up its ambitious digital asset strategy.
The purchase adds to a string of high-profile moves by Metaplanet this month, including the launch of its sweeping “555 Million Plan,” aimed at raising $5.4b to buy 210,000 Bitcoin by 2027. That figure would represent roughly 1% of the cryptocurrency’s fixed 21m supply.
Thursday’s filing reveals that Metaplanet acquired Bitcoin at an average price of ¥15,617,281 per BTC, which translates to about $107,900.
On June 24, Metaplanet announced it had raised more than $517m on the first day of the 555m Plan through the issuance of 54m shares. That equity was exercised by EVO Fund under an earlier stock acquisition rights agreement.
At current prices, the company’s Bitcoin treasury is worth over $1.3b, according to market trackers. Its holdings are now roughly equivalent to what Tesla held at peak before selling a portion in 2022.
The scale of the latest buy cements Metaplanet’s position as one of the largest public corporate holders of Bitcoin in Asia.