Tokyo-based investment firm Metaplanet has significantly increased its crypto portfolio, disclosing the acquisition of an additional 150 Bitcoin (BTC) for approximately $12.5 million.
Tokyo-based investment firm Metaplanet has significantly increased its crypto portfolio, disclosing the acquisition of an additional 150 Bitcoin (BTC) for approximately $12.5 million.
This latest purchase, made at an average price of $83,508 per coin, elevates the firm's total Bitcoin holdings to 3,200 BTC, acquired for a cumulative investment of around $266.2 million.
In a parallel move to fund its ongoing Bitcoin accumulation strategy, Metaplanet also announced the successful issuance of bonds, raising about 2 billion yen, equivalent to $13.3 million. This financial maneuver is part of the firm’s broader goal to secure 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
According to CEO Simon Gerovich, the firm has been actively pursuing its Bitcoin investment strategy since April 2024. As of writing, the market value of Metaplanet's 3,200 BTC stands at approximately $265.9 million, reflecting current crypto market conditions.
On Tuesday, Metaplanet's stock experienced a slight decline, closing down 0.49% at 4,030 yen in the Japanese market.
Despite this dip, the company's stock has shown strong performance over the past year, gaining 1,819% and increasing by 15.8% year-to-date.
The Nikkei 225 Index, meanwhile, rose by 1.2% on the same day. Metaplanet's aggressive strategy in the volatile crypto market underscores the growing interest in Bitcoin among institutional investors and highlights the firm's commitment to expanding its digital asset portfolio.
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