#Metaplanet Expands Holdings With $239 Million
$BTC Purchase
Metaplanet acquired 2,205
$BTC for approximately $238.7 million in its latest corporate purchase.
The Japanese investment firm now holds 15,555
$BTC total, maintaining its position as the world's fifth-largest public holder.
CEO Simon Gerovich disclosed that the average purchase price was around $108,237 per
$BTC.
#MicroStrategy continues to lead corporate #Bitcoin holdings with 597,325
$BTC.
Metaplanet's
$BTC strategy generated nearly 1.1 billion yen ($7.6 million) in Q2 revenue, up 42.4% year-over-year.
The company has revised its target to hold over 210,000
$BTC by the end of 2027.
Metaplanet stock declined 1.8% Monday in Japan but remains up 339% year-to-date.
The aggressive accumulation strategy continues to drive strong business growth for the firm.
Gerovich emphasized the sustainability and scalability of their
$BTC-focused business model.
The purchase reinforces the growing corporate adoption of
$BTC as a treasury asset.
