- Metaplanet raises Bitcoin holdings amid market volatility.
- Total reached 11,111 Bitcoin.
- Shares dropped 3.5% on acquisition news.
Metaplanet Inc., a Tokyo-listed investment firm, recently acquired an additional 1,111 Bitcoin, bringing their total holdings to 11,111 BTC according to an official announcement.
Metaplanet’s acquisition reflects the firm’s aggressive strategy to expand its Bitcoin reserves, aimed at hitting over 210,000 BTC by 2027. The market reaction led to a 3.5% dip in its share price, indicating investor caution.
We are on track to reach our target of holding over 210,000 BTC by 2027, aiming for 1% of the total supply. — Simon Gerovich, CEO, Metaplanet
Metaplanet, led by CEO Simon Gerovich, has strategically increased Bitcoin investments since April 2024. The firm’s intensive BTC acquisition has resulted in total holdings of 11,111 BTC. Gerovich earlier highlighted the ambition to secure 1% of total Bitcoin supply by 2027.
The acquisition involves Metaplanet purchasing 1,111 BTC for $118.2 million, with a current valuation over $1.07 billion. Despite a 3.5% share price decline, Metaplanet maintains a significant position among corporate Bitcoin holders.
The financial implications underscore Metaplanet’s commitment to Bitcoin amid potential market volatility, establishing a substantial BTC reserve. The firm’s strategic goal positions them against competitors like MicroStrategy, noted for large-scale Bitcoin treasuries.
With no immediate regulatory comments, Metaplanet continues its Bitcoin acquisition without apparent concerns from financial authorities. The expansion showcases a willingness to integrate Bitcoin into significant corporate treasuries, reflecting broader market trends.
CEO Simon Gerovich projects a strong trajectory, potentially positioning Metaplanet as a leader in Bitcoin reserve accumulation, potentially rivaling entities like MicroStrategy. Through historical trends and strategic investments, Metaplanet aims to influence corporate Bitcoin holdings strategies.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
