Metaplanet Continues Bitcoin Accumulation, Now Holds Over 2,000 BTC
Metaplanet's Latest Bitcoin Purchase
Tokyo-based investment firm Metaplanet has further strengthened its position in Bitcoin, announcing the purchase of an additional 269.43 BTC. This brings its total holdings to 2,031.41 BTC, acquired at an average price of 12,243,936 yen per Bitcoin. The latest purchase, valued at approximately $25.8 million, underscores the firm's confidence in the leading digital asset despite short-term market volatility.
Long-Term Strategy and Ambitious Targets
Metaplanet has been actively accumulating Bitcoin as part of its strategic plan. Earlier this year, the firm unveiled plans to issue 21 million new share subscription rights to raise 116 billion JPY (approximately $745 million), aiming to fund one of the largest Bitcoin purchases in Asian markets. By the end of 2025, Metaplanet targets holding 10,000 BTC, with plans to double this to 21,000 BTC by 2026. If achieved, this would solidify its position as one of the largest corporate Bitcoin holders globally.
Bitcoin's Current Market Outlook
Bitcoin's price has recently declined by 1.24% over 24 hours, trading at $96,119. However, trading volume has surged by 28.8% to $20.2 billion, indicating sustained investor interest. Market experts remain optimistic about Bitcoin's prospects, citing growing institutional adoption. Companies like Strategy, Semler Scientific, and Riot Platform are also increasing their Bitcoin exposure, further reinforcing the asset's appeal.
Conclusion
Metaplanet's latest purchase highlights its commitment to Bitcoin's long-term potential. With a clear roadmap for expansion and strong institutional support, Bitcoin's outlook remains positive despite short-term market fluctuations.
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