Featured image from Unsplash, Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Japan-based investment firm Metaplanet has now accumulated over 1,000 Bitcoin (BTC) with its latest acquisition, establishing itself as one of Asia\u2019s largest corporate holders of the digital asset. Metaplanet\u2019s Bitcoin Holdings Top 1,000 BTC In an announcement made on October 28, Tokyo-listed Metaplanet stated it had purchased an additional 156.78 BTC at an average price of $66,436 per BTC. The latest purchase has propelled Metaplanet\u2019s total BTC holdings to 1,018 BTC, acquired at an average price of $61,629. Related Reading: Bitcoin Begins Month With A Rebound As Metaplanet\u2019s BTC Investment Tops $10 Million Commenting on the milestone, Metaplanet CEO Simon Gerovich noted, \u201cThis latest BTC purchase makes Metaplanet one of the largest corporate holders of Bitcoin in Asia.\u201d The company further stated: Since adopting bitcoin as a treasury reserve asset, the company has strategically increased its total bitcoin holdings through acquisitions funded by capital market activities and operational income. Metaplanet first declared its decision to adopt Bitcoin as a strategic reserve asset in May 2024. Adhering to a \u201cBitcoin-first, Bitcoin-only\u201d approach, Metaplanet further expanded its BTC holdings with a $2 million purchase in September. Over the summer, Metaplanet embarked on a Bitcoin acquisition spree, purchasing more than 50% – approximately 620 BTC – of its current holdings within a single month, from September 30 to October 28. Notably, this acquisition has now placed Metaplanet ahead of another prominent Asian firm, Meitu Inc., in terms of total BTC reserves. According to CoinGecko data, Meitu Inc. currently holds 940 BTC compared to Metaplanet\u2019s 1,018 BTC. Among publicly traded companies with significant BTC reserves, Metaplanet now ranks 15th, with the list led by US-based business intelligence firm MicroStrategy, which holds an impressive 252,220 BTC, representing close to 1.2% of the total Bitcoin supply. BTC Strategy Reflecting In Metaplanet\u2019s Share Price According to Arkham Intelligence, Metaplanet\u2019s BTC investment strategy appears to be yielding strong results. At the current Bitcoin price of slightly above $67,000, Metaplanet has an unrealized gain of over $6 million. Related Reading: Bitcoin Retail lnvestors Remain Cautious Despite Price Gain \u2013 Details In its announcement, Metaplanet highlighted a key performance indicator (KPI) called \u201cBTC yield,\u201d which reflects the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding over a specific period.\u00a0 In essence, the KPI helps investors assess the impact of Metaplanet\u2019s Bitcoin acquisitions on shareholder value. Between October 1 and October 28, Metaplanet\u2019s BTC yield surged to 155.8%. Following the news of today\u2019s BTC purchase, Metaplanet\u2019s stock price jumped more than 7%, according to data from Yahoo! Finance. In related news, Maltese asset management firm Samara Group recently announced plans to issue bonds worth over $32 million, with a portion of the proceeds potentially allocated toward BTC purchases as a strategic reserve asset. At press time, BTC trades at $68,780, up 1.6% in the past 24 hours, with a total market cap of slightly more than $1.35 trillion. Featured image from Unsplash, Chart from Tradingview.com<\/p>\n","protected":false},"author":619,"featured_media":650328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,601,1119,78790,6664,1558,15385,92278,81299],"class_list":["post-650319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-investment","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-digital-asset","tag-metaplanet","tag-microstrategy"],"acf":[],"yoast_head":"\n
Metaplanet's Total Bitcoin Holdings Exceed 1,000 BTC Following Latest Purchase<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n