
- Metaplanet has surpassed El Salvador’s Bitcoin reserves by acquiring 1,241 BTC for $126 million, bringing its total holdings to 6,796 BTC.
- The Tokyo-listed firm aims to reach 10,000 BTC by the end of 2025, following a high-conviction strategy similar to MicroStrategy’s.
Asia’s leading corporate Bitcoin accumulator is pressing on its quest to attain 10,000 BTC by the end of 2025. Japan-based investment firm Metaplanet has announced the purchase of 1,241 bitcoin (BTC) for 18.4 billion yen for approximately $126 million.
The latest acquisition has pushed its holdings a notch higher with the firm’s total holding accumulating to 6,796 BTC, officially surpassing El Salvador’s national stash of 6,174 BTC.
The purchase, disclosed on Monday, represents Metaplanet’s largest Bitcoin buy since it launched its Bitcoin Treasury Operations in April 2024. The company acquired the bitcoin at an average price of just over $102,119 per coin, indicating a strong conviction in the long-term value of the digital asset despite market volatility.
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