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21/09/25 15:50 UTC-04

Metaplanet Purchases Bitcoin for a Record Amount

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Other 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.

This purchase moved Metaplanet to 5th place among the largest public corporate Bitcoin holders, surpassing the cryptocurrency exchange Bullish. The leader remains Strategy with 638,985 BTC.

In early September, Metaplanet raised over $1.4 billion by issuing 385 million new shares, funds which are being used to buy Bitcoin.

The company’s strategic goal is to accumulate 210,000 BTC (about 1% of total supply) by 2027, aiming to raise approximately $5.4 billion through additional share issuance.

Earlier, Metaplanet announced business diversification and the creation of two subsidiaries in the USA and Japan.

See also: "Morgan Stanley to Launch Trading in Bitcoin, Ethereum, and Solana"

#Metaplanet #Bitcoin (BTC) #Crypto Assets #Buy

Editor: Pereyidenko Ihor
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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.