Japanese investment giant, Metaplanet, has added another $126.7 million worth of Bitcoin to its portfolio, surpassing El Salvador’s total Bitcoin holdings. The firm, frequently referred to as Asia’s Strategy due to its consistent Bitcoin accumulation, confirmed on Monday that 1,241 BTC were purchased at an average price of $102,119 per unit.
According to CEO Simon Gerovich, the Tokyo-based company now boasts of a total of 6,796 BTC, purchased for an aggregate sum of $608.2 million at an average price of $89,492. Considering the current market rates, the firm’s total Bitcoin portfolio is estimated to be worth approximately $706.7 million.
In a separate statement, Gerovich noted, “Metaplanet now holds more Bitcoin than El Salvador. We’ve come a long way from our humble beginnings, and we’re just getting started.” El Salvador, which adopted Bitcoin as a legal tender in 2021, currently possesses 6,174 BTC, as per the country’s Bitcoin Office.
Metaplanet embarked on its Bitcoin accumulation journey in April 2024 and has consistently increased its holdings. The firm aims to reach a benchmark of 10,000 BTC by the end of 2025 and crossed the halfway mark last month. The Bitcoin purchases have been financed through a series of bond issuances, the latest being a $21.25 million bond sale announced last Friday.
Data from Bitcointreasuries.net reveals Metaplanet as the largest publicly listed corporate Bitcoin holder in Asia, with a global rank of 11. In the meantime, Metaplanet shares saw an increase of 3.82% in Monday trading in Japan, with the markets still open.
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