#binance #hype #zec #near
11/08/25 23:07 UTC-04

Metaplanet Buys 518 Bitcoins for $61M, Total Holdings Reach 118,113 Coins

Metaplanet Inc (TYO:3350) announced on Tuesday that it had purchased an additional 518 bitcoins, bringing the total holdings of the Japanese hotel company—now refocused on cryptocurrency investments—to 118,113 coins.

Metaplanet acquired the 518 bitcoins at an average price of $118,519 for a total of $61.4 million, increasing the value of its assets to approximately $1.85 billion.

The company is the sixth-largest corporate holder of bitcoins in the world, after mining company Riot Platforms (NASDAQ:RIOT), and has been steadily increasing its purchases of the world’s largest cryptocurrency over the past year.

Earlier this month, Metaplanet announced plans to raise $3.7 billion through a large-scale share offering aimed at acquiring more bitcoins.

This strategy closely mirrors that of Michael Saylor’s MicroStrategy Incorporated (NASDAQ:MSTR), which has used a series of successful stock offerings to boost its bitcoin holdings to 628,946 coins.

The approach has proven highly successful for MicroStrategy, now known as Strategy, as the company’s share price has largely tracked the impressive rise in bitcoin’s value over the past year.

Metaplanet shares fell 2.4% on Tuesday. Bitcoin was trading down 2.6% at $118,926.8 after approaching record highs of over $123,000 earlier this week.

See also: "Bitcoin Price Expected to Break All-Time High This Week"

#Reserve #Bitcoin (BTC) #Report #Crypto Assets #Metaplanet

Editor: Alyona Nabok
Comments

Similar

01/10/25 13:57 UTC-04

Japan’s Metaplanet Becomes the Fourth-Largest Corporate Holder of BTC

Japanese investment firm Metaplanet has acquired another 5,268 bitcoins worth nearly $600 million. With this purchase, the company surpassed Bitcoin Standard Treasury Company to become the fourth-largest corporate holder of bitcoin, according to BitcoinTreasuries.NET.

21/09/25 15:50 UTC-04

Metaplanet Purchases Bitcoin for a Record Amount

According to CEO Simon Gerovich, Metaplanet acquired additional BTC worth $2.7 billion at an average price of $106,065 per coin, bringing the total Bitcoin holdings to 25,555 BTC.

07/08/25 14:20 UTC-04

Block Inc. Continues Strategic Bitcoin Accumulation

Block Inc., led by Jack Dorsey, increased its Bitcoin reserves by 108 BTC in Q2, bringing the company’s total corporate holdings to 8,692 BTC. According to the 10-Q report filed with the SEC, total revenue reached $6.05 billion, up 1.5% from the previous quarter, while gross profit rose by 8.2% to $2.54 billion.