Metaplanet, a leading Japanese Bitcoin treasury firm, has announced the purchase of an additional 103 BTC worth approximately $11.7 million, as revealed in a disclosure on Monday. The acquisition was made at an average price of $113,491 per Bitcoin, increasing the company’s total holdings to 18,991 BTC.
Metaplanet’s President Simon Gerovich confirmed that the firm has now invested $1.95 billion to accumulate its Bitcoin reserves, with an average purchase price of $102,712 per BTC. The company began its Bitcoin accumulation strategy in April 2024 and has rapidly emerged as one of the largest corporate Bitcoin holders globally, ranking seventh according to Bitcointreasuries data.
FTSE Mid-Cap Upgrade Marks Major Milestone
Alongside its Bitcoin purchase, Metaplanet achieved a significant milestone as it was added to the FTSE Japan Index, moving from small-cap to mid-cap status during the index provider’s September review.
Gerovich celebrated the achievement, calling it “another important milestone on our journey as Japan’s leading Bitcoin treasury company.”
Following the announcement, Metaplanet’s stock rose 3.5% during Monday’s midday session, according to Yahoo Finance. Despite being down 26.9% over the past month, the stock remains up 147.9% year-to-date, showcasing strong investor confidence in the company’s Bitcoin-focused strategy.
Meanwhile, Bitcoin traded around $113,148, down 1.5% in the past 24 hours, signaling continued market volatility.
This move underscores Metaplanet’s long-term bullish stance on Bitcoin, positioning the company as a major player in the corporate Bitcoin adoption trend.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.