Metaplanet adds 2,205 BTC for nearly $239 million, now ranks fifth globally with 15,555 Bitcoin holdings
Powered by ChatGPTMetaplanet has purchased an additional 2,205 $BTC for roughly $238.7 million, continuing to accumulate the world's largest cryptocurrency.
The Japanese investment firm disclosed on Monday that its latest purchase brought its total holdings to 15,555 BTC. Metaplanet CEO Simon Gerovich wrote on X that the company acquired 2,205 $BTC at an average price of about $108,237 per bitcoin.
According to data from Bitcointreasuries.net, Metaplanet remains the world's fifth-largest publicly listed corporate holder of bitcoin, with 15,555 BTC. Michael Saylor’s MicroStrategy remains at the top of the rankings with 597,325 BTC.
Metaplanet's bitcoin-focused business has experienced strong revenue growth, generating nearly 1.1 billion yen ($7.6 million) in revenue during the second quarter of this year, a 42.4% increase year-over-year, according to its quarterly disclosure released last week.
"This accelerating growth affirms the strength of our strategy — building a sustainable, scalable, and operationally efficient business on a bitcoin standard," said Gerovich in an X post last Wednesday.
Earlier this month, the company announced a revised target to hold over 210,000 $BTC by the end of 2027.
Metaplanet's stock slipped 1.8% as of 2:10 p.m. on Monday in Japan, with the market still open, according to Yahoo Finance data. Its stock has risen 13.9% over the past month and 339% year-to-date.