Japanese investment firm Metaplanet has taken another bold step in its aggressive Bitcoin acquisition strategy, purchasing an additional 68.59 BTC for approximately $6.6 million. The acquisition was made at an average price of $96,335 per Bitcoin, further cementing Metaplanet’s commitment to the world’s largest cryptocurrency.
This latest purchase boosts Metaplanet’s total Bitcoin holdings to 2,100 BTC, valued at around $203 million, a significant leap from the 141 BTC it held at the end of June 2024. With this increase, Metaplanet now holds approximately 0.01% of Bitcoin’s total supply, a key highlight of its confidence in Bitcoin as a strategic asset for long-term value preservation.
A Steady Climb Toward a 10,000 BTC Goal
With this purchase, Metaplanet continues its aggressive Bitcoin acquisition strategy, advancing closer to its ambitious target under the “21 Million Plan.” With its recent purchase of 68.59 BTC, the company has now accumulated 2,100 BTC, representing approximately 10% completion of its ultimate goal to reach 21,000 BTC by the end of 2026.
Launched on April 8, 2024, Metaplanet’s “21 Million Plan” outlines a long-term strategy to amass significant Bitcoin holdings, starting with a target of 10,000 BTC by the end of 2025 and culminating in 21,000 BTC by the end of 2026. As part of this initiative, Metaplanet issued 21 million shares of 0% discount stock acquisition rights to EVO FUND, providing the financial backing necessary to support its Bitcoin accumulation drive.
Institutional Momentum in Cryptocurrency Investments
Metaplanet’s recent acquisition reflects a broader trend of institutional investors increasing their exposure to Bitcoin. Notably, Strategy, a prominent business intelligence firm, has significantly augmented its Bitcoin holdings. Following its rebrand from MicroStrategy to Strategy, the company has continued its aggressive Bitcoin accumulation strategy—even as it navigates mounting operational expenses and a significant Q4 loss. Over the past few months alone, Strategy has acquired approximately $20 billion worth of BTC, though it temporarily paused its 12-week buying streak last week to report earnings.
Metaplanet has been dubbed ‘The Microstrategy of Asia’ by the media, for the similarities in its bitcoin acquisition aggressiveness to that of the U.S based Business Intelligence Firm.
The growing institutional interest in Bitcoin is further evidenced by financial giants like Goldman Sachs, which reported holding approximately $2.05 billion in Bitcoin and Ethereum ETFs by the end of 2024. Additionally, BlackRock’s launch of the iShares Bitcoin Trust ETF (IBIT) and other crypto investment products, highlights the increasing demand for cryptocurrency investment products.
Metaplanet’s stock closed up 2.78% at 6,290 yen on Thursday in Japan, according to Yahoo Finance
Quick Facts:
- Metaplanet has accumulated 2,100 BTC, achieving 2.38% of its “21 Million Plan” goal of 21,000 BTC by 2026.
- Its latest 68.59 BTC purchase was made at an average price of 14.53 million yen (~$96,335) per Bitcoin.
- The company’s BTC Yield surged from 41.7% in Q3 2024 to 309.8% in Q4 2024.
- Metaplanet’s stock rose 1.79% following the announcement, reflecting investor confidence in its Bitcoin strategy.
