Metaplanet Becomes 10th-Largest Public Bitcoin Holder With Latest $117 Million Buy
The post Metaplanet Becomes 10th-Largest Public Bitcoin Holder With Latest $117 Million Buy appeared on BitcoinEthereumNews.com.
Japan-based Metaplanet has expanded its Bitcoin (BTC) treasury to 8,888 BTC after acquiring an additional 1,088 BTC in its latest buy. This accumulation positions it as the 10th-largest publicly traded Bitcoin holder. Moreover, with this move, Metaplanet has reached 88.88% of its ambitious goal to accumulate 10,000 BTC by the end of 2025. Metaplanet Buys 1,088 Bitcoins As stated in the official release, Metaplanet acquired the latest batch of Bitcoin at an average price of approximately $107,771 per BTC, amounting to around $117.3 million. The company’s total Bitcoin holdings have been acquired at an average cost of about $93,354 per BTC. The total investment is close to $829.7 million. Given the current market valuation, 8,888 BTCs are worth approximately $932.2 million. Thus, Metaplanet is currently sitting on an unrealized gain of roughly $102.5 million. “From January 1, 2025 to March 31, 2025, the Company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025 to June 2, 2025, the Company’s BTC Yield is 66.3%,” the disclosure read. Furthermore, this move pushed Metaplanet past Block Inc., which holds 8,584 Bitcoins, to become the 10th-largest Bitcoin holder among publicly traded firms. According to BitcoinTreasuries data, Metaplanet began acquiring Bitcoin in April 2024, significantly later than Block Inc., which started accumulating in October 2020. Despite the shorter timeline, Metaplanet’s aggressive acquisition strategy has outpaced several established players. In fact, BeInCrypto reported that the firm’s holdings surpassed El Salvador’s national reserves last month. “8888 BTC. A symbol of abundance. A number of fortune. And today our new reality. 8888 Bitcoin secured. A new chapter begins for Metaplanet,” Metaplanet CEO Simon Gerovich posted. Treasury Strategies Fuel Surge in Bitcoin Acquisitions Globally Besides Metaplanet, other firms are also accelerating their Bitcoin acquisitions. Strategy (formerly MicroStrategy) co-founder Michael Saylor has hinted at an impending…
Filed under: News - @ June 2, 2025 5:17 am