- Metaplanet acquires additional 775 BTC, reinforcing treasury strategy.
- Company’s total BTC holdings reach 18,888, valuing over $2 billion.
- Shares increase by 4% following the acquisition announcement.
Metaplanet, a Tokyo-listed bitcoin treasury firm, has expanded its holdings by acquiring 775 BTC for $93 million, announced by President Simon Gerovich on X.
This acquisition strengthens Metaplanet’s position as a prominent BTC holder, boosting investor confidence, reflected in a 4% share increase.
Metaplanet, a Tokyo-listed bitcoin treasury firm, announced the acquisition of 775 BTC for $93 million. This purchase marks a continuation of the firm’s bitcoin accumulation strategy initiated by President Simon Gerovich. “Metaplanet has acquired another 775 BTC for ~$93 million, bringing our total holdings to 18,888 BTC. We remain committed to our bitcoin treasury strategy and see significant long-term potential,” said Gerovich.
The acquisition increases Metaplanet’s total holdings to 18,888 BTC, with an aggregate cost basis of $1.94 billion. This strategic move emphasizes Metaplanet’s commitment to bitcoin as a core reserve asset.
Following the announcement, Metaplanet’s shares rose by 4% to 900 yen, reflecting positive investor sentiment despite recent bitcoin price fluctuations. This acquisition positions Metaplanet among top global corporate BTC holders. More insights can be found through Dylan LeClair discusses Bitcoin market movements.
Metaplanet’s BTC position now holds a market value of approximately $2.2 billion, over-collateralizing the company’s $117 million in 0% bonds, resulting in a low leverage ratio relative to its BTC reserves.
Metaplanet’s strategy parallels that of companies like Strategy, formerly MicroStrategy, which actively accumulates BTC for corporate reserves. Historical trends have shown that such acquisitions increase market focus on BTC as a digital asset.
Regulatory responses remain absent, but the acquisition complies with public corporate treasury policies in Japan. This purchase highlights Metaplanet’s firm stance on bitcoin’s long-term potential as a financial reserve. For a deeper understanding of market reactions, see Insights from Metaplanet JP on current trends.
