Metaplanet, a leading Japanese bitcoin treasury firm, has expanded its bitcoin (BTC) holdings by acquiring an additional 103 BTC for roughly $11.7 million. The purchase, at an average price of $113,491 per bitcoin, has brought the company’s total bitcoin reserve to 18,991 BTC.
According to Metaplanet President Simon Gerovich, the firm has spent a total of $1.95 billion overall for its bitcoin accumulation, averaging $102,712 per coin.
This purchase comes as Metaplanet has been steadily expanding its bitcoin accumulation strategy since April 2024. It is currently ranked seventh in the world among publicly traded companies with bitcoin, according to Bitcoin Treasuries data, a crypto holding tracker.
Metaplanet Upgraded to Mid-Cap on FTSE Japan
In addition to increasing its BTC treasury, Metaplanet has also been included in the FTSE Japan Index in the September review. This inclusion has elevated the company from a small-cap to a mid-cap stock, reflecting its growing influence as Japan’s leading bitcoin treasury firm. Gerovich called the inclusion “another important milestone” in the company’s journey.
Following the announcement, Metaplanet’s stock rose about 5.15% in Japan around midday Monday. Despite a 25.83% drop over the past month, the stock remains up 144.76% year-to-date, showing strong investor confidence. Meanwhile, bitcoin traded down 2.07% in the past 24 hours at $112,719, according to CoinMarketCap.
Metaplanet’s bitcoin acquisitions as well as its mid-cap status on the FTSE in Japan demonstrates the increasing presence of the company in both the crypto and the traditional financial world.
Also Read: Eric Trump to Visit Tokyo for Metaplanet Shareholder Meeting
