Japanese investment firm Metaplanet Inc. has acquired an additional 108.786 bitcoins for 1 billion yen (approximately $6.7 million), reinforcing its commitment to Bitcoin as a strategic treasury reserve asset. With this latest purchase, the Tokyo-listed firm has expanded its total holdings to 639.503 bitcoins, valued at around $40.6 million based on current market prices.
Metaplanet stated that the newly acquired bitcoins were bought at an average price of 9.19 million yen ($61,880) per bitcoin, while its entire Bitcoin portfolio averages 9.32 million yen ($62,789) per bitcoin. The company has been on a buying spree since May, adding to its Bitcoin reserves consistently.
In addition to the purchase, Metaplanet recently earned 23.972 bitcoins (worth about $1.52 million) by selling Bitcoin options and collecting premiums, further increasing its holdings. The firm’s strategic move reflects its optimism about Bitcoin’s future potential and value.
Following this announcement, Bitcoin’s price rose by 2.84% in the last 24 hours to trade at $63,594. Metaplanet’s stock also surged 11% to 1,017 yen on Monday, outperforming Japan’s Nikkei 225 index, which climbed 2.2%.
According to BitcoinTreasuries data, MicroStrategy remains the largest corporate holder of Bitcoin, owning 252,220 BTC, followed by Marathon Digital with 26,842 BTC.