Metaplanet, a leading Asian investment firm known for its ongoing Bitcoin accumulation strategy, has just acquired an additional 555 Bitcoin (BTC), equivalent to about $53.4 million. The company disclosed this latest purchase on Wednesday, further cementing its position as Asia’s premier Bitcoin accumulator.
The Japanese firm purchased the batch of 555 BTC at an average price of $96,134 per unit. This update, shared by CEO Simon Gerovich on X, takes the firm’s total Bitcoin holdings to 5,555 BTC, bought for approximately $481.5 million at an average price of $86,672 per Bitcoin.
“In Japanese, the number 5 is pronounced ‘Go,’ so today we’re shouting: Go go go go — to the moon and beyond!” Gerovich expressed on X.
Since the unveiling of its crypto strategy in April 2024, Metaplanet has been consistently growing its Bitcoin portfolio. The firm aims to inflate its holdings to 10,000 BTC by the end of 2025 and achieved halfway to that goal last month.
In addition to the Bitcoin acquisition, Metaplanet also launched a new series of ordinary bonds worth $25 million to fund further Bitcoin purchases. This represents the 13th issuance of such bonds, occurring just a week after the 12th series that raised the same amount.
Metaplanet is also setting its sights on expanding into the U.S. Last week, it announced plans to establish a wholly-owned subsidiary in Miami, Florida. “We intend to accelerate this strategy by establishing Metaplanet Treasury Corp. in Florida, a rapidly emerging hub for Bitcoin-focused companies and financial innovation,” the firm stated.
Currently, Metaplanet holds the title as Asia’s largest public corporate Bitcoin holder and ranks 11th globally, according to Bitcointreasuries.net data. Michael Saylor’s Strategy still tops the list with 555,450 BTC.
Wednesday saw a significant rise in Metaplanet’s stock, with an increase of 13.3% in Japan during the afternoon trading session.
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