Tokyo-based investment firm Metaplanet continues its dedicated strategy of incorporating Bitcoin into its corporate treasury, demonstrating a consistent approach to acquiring the digital asset. This commitment is highlighted by recent significant purchases.
In its latest move, the company secured an additional 160 BTC, investing approximately $13.3 million. This acquisition occurred shortly after a notable purchase earlier in the week, where Metaplanet added 696 BTC to its holdings, marking one of its most substantial accumulation efforts to date.
The newly acquired coins were purchased at an average price point near $83,264 per coin. Following this transaction, Metaplanet’s total Bitcoin reserves have grown to 4,206 BTC, valued at roughly $359.8 million at the time of the transaction. This systematic accumulation aligns with the strategic initiative the Japanese stock exchange-listed company unveiled in April 2024.
Metaplanet’s Position in the Institutional Landscape
This rapid expansion solidifies Metaplanet’s standing among institutional Bitcoin investors. According to data from BitcoinTreasuries.net, the company now ranks as the ninth-largest public institutional holder of Bitcoin globally and holds the top position among Asian companies.
Future Accumulation Targets
Metaplanet has outlined ambitious targets for its Bitcoin treasury. The firm aims to accumulate 10,000 BTC by the close of 2025, with a longer-term goal of potentially reaching 21,000 BTC by 2026. These recent acquisitions underscore their commitment to achieving these objectives.
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