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Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC

The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure.

Tokyo, Japan (Jaison Lin/Unsplash)

What to know:

  • Metaplanet has acquired an additional 1,004 BTC for $104.3 million, increasing its total holdings to 7,800 BTC.
  • The firm's average purchase price for bitcoin is $91,300, with current holdings valued at over $806 million.
  • Metaplanet aims to reach 10,000 BTC by the end of 2025, financing acquisitions through bond sales.

Tokyo-listed investment firm Metaplanet has purchased another 1,004 bitcoin (BTC) for approximately $104.3 million, bringing its total holdings to 7,800 BTC.

The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure.

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The company’s total bitcoin position, acquired at an average price of $91,300 per BTC, is now valued at just over $806 million based on current market prices. The move is part of Metaplanet’s long-term goal to reach 10,000 BTC by the end of 2025.

It began acquiring bitcoin in April 2024 and has since leaned heavily into a treasury strategy modeled after firms like Strategy (MSTR).

The latest purchase comes as bitcoin continues to hover just below its all-time high, trading around $103,343 at the time of writing. The broader crypto market has rallied in recent weeks amid improving macro sentiment.

Metaplanet has financed its bitcoin acquisitions through a series of bond sales, most recently completing its 15th ordinary bond issuance, worth $15 million.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

Shaurya Malwa