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• Metaplanet added 5,075 BTC to its stash, bringing its total holdings to 40,177 BTC.
• According to CEO Simon Gerovich, the company spent $405.48 million on the purchase.
• Market’s immediate response has been cautious, with Metaplanet’s stock dipping by 1.95%.

Japanese investment firm Metaplanet added 5,075 BTC, pushing its total holdings to 40,177 BTC and making it the third-largest public company holding Bitcoin. The latest purchase signals continued aggressive accumulation, while investors reacted cautiously as the company expands its long-term Bitcoin strategy.

On 2nd April, Metaplanet CEO Simon Gerovich said it spent about $405.48 million to acquire 5,075 BTC at an average price of $79,898 per coin. The purchase increased the company’s total holdings to 40,177 BTC.

With this move, Metaplanet overtook MARA Holdings and now ranks behind only Strategy and Twenty One Capital among public Bitcoin holders. 

The firm’s total Bitcoin stash is valued at roughly $4.18 billion, with an average purchase price of about $104,106 per Bitcoin.

Metaplanet’s rapid accumulation started in 2024, turning the firm into what some call “Asia’s Strategy”, a nod to Michael Saylor’s playbook of buying Bitcoin aggressively.

Metaplanet has continued raising capital to support its Bitcoin buying strategy. The company recently secured access to up to $531 million in funding to increase its holdings.

The firm aims to reach 100,000 BTC by 2026 and 210,000 BTC by 2027. To support this approach, Metaplanet also uses options and other financial tools to generate income from its Bitcoin, helping fund additional purchases.

The company’s rapid accumulation began in 2024, earning comparisons to Strategy’s aggressive Bitcoin buying model.

Market Remains Cautious Despite Large Purchase

Despite the large acquisition, Metaplanet’s stock dipped around 1.95% following the announcement. The decline suggests investors remain cautious about short-term risk as the company increases Bitcoin exposure.

Metaplanet also reported a 2.8% BTC yield, meaning its Bitcoin holdings are growing faster than its share count. Over the past two years, the firm’s Bitcoin holdings have increased more than twentyfold.

Bitcoin itself has traded between $66,000 and $68,000 recently, influenced by macro uncertainty and geopolitical tension

Related:Strategy Pauses Bitcoin Purchases as Funding Conditions Tighten and Corporate Flows Stall

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/metaplanet-buys-5075-btc-becomes-third-largest-public-bitcoin-holder/

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