Metaplanet Inc., a leading Japanese Bitcoin treasury company, announces the acquisition of an additional 2,205 Bitcoin as part of its ongoing Bitcoin Treasury Operations. This acquisition has raised the company’s total holdings to 15,555 BTC.
The firm announced its latest Bitcoin purchase on 7th July, executed at an average purchase price of 15,640,253 yen per Bitcoin. The Aggregated Amount of this purchase came out to be 34.487 billion yen.
Originally a hotel developer company, Metaplanet is Japan’s first and only publicly listed Bitcoin treasury company. It is developing crypto-friendly ventures like the Bitcoin Hotel and crypto consulting services for businesses.
With this acquisition, Metaplanet has secured the position of 5th largest corporation of Bitcoin, surpassing Galaxy Digital and CleanSpark of the US–as per Bitcoin Treasuries data. The company had a total holding of 13,350 BTC on the 30th of last month, which is now sitting at 15,555–worth approximately $1.7 billion as of the latest Bitcoin price.
This latest acquisition aligns with the firm’s goal of holding 210,000 BTC by 2027, which would equal 1% of the total supply of Bitcoin. This plan succeeds the $ 210 million plan, which aimed for 30,000 BTC by the end of 2025 and 100,000 BTC by the end of 2026.
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