MetaPlanet Inc., a Japanese investment firm, saw its stock rise by 13% after purchasing an additional 555 bitcoins at an average price of $96,134 per bitcoin. This brings the total number of bitcoins it holds to 5,555, with a total investment of $481.5 million, having bought the assets at an average price of $86,672 per bitcoin
The news was announced by the company’s CEO, Simon Gerovich, who decided to mark this achievement with some humor. “In Japanese, the number 5 is pronounced ‘Go,’ so today we’re shouting: Go go go go — to the moon and beyond!”
Metaplanet has been accumulating its Bitcoin since the company began its crypto strategy in April of 2024. By the end of 2025, the firm is targeting to have 10,000 BTC, and it is halfway there.
In order to finance its Bitcoin purchases, Metaplanet launched yet another bond – the 13th one – worth $25 million. This comes only a week after the 12th series, which also collected the same amount.
In addition to its cryptocurrency plans, Metaplanet is entering the United States, where it intends to open a branch in Miami. This is in line with the company’s plan to expand its operations in the Bitcoin market in the United States.
Metaplanet is now the largest public corporate holder of Bitcoin in Asia and the eleventh largest globally, behind Strategy, which holds more than 500,000 BTC.
Also Read: Bitcoin Surges to $97.5K After US-China Trade Talks Resume
