- Metaplanet, a Japanese investment firm, recently purchased 156 more Bitcoin, bringing its total holdings to 2,391 BTC, as part of its aggressive Bitcoin accumulation strategy, which aims for 21,000 BTC by 2026.
- The company is also exploring a potential US listing to expand its investor base, while its stock has surged significantly, gaining 1,800% on the Tokyo Stock Exchange in the past year.
Japan’s investment firm Metaplanet is making waves in the crypto world with its aggressive Bitcoin strategy. The company recently purchased an additional 156 Bitcoin (BTC) on March 3, bringing its total holdings to 2,391 BTC. With a purchase price of approximately $85,890 per coin, this latest acquisition cost the firm around $13.4 million.
A Growing Bitcoin Portfolio
Metaplanet has been steadily increasing its Bitcoin holdings since launching its investment strategy in April last year. To date, the company has spent $196.3 million on Bitcoin at an average purchase price of $82,100 per coin. Thanks to Bitcoin’s rising value, the firm’s investment has already gained about 13% in value.
This strategy has positioned Metaplanet as the 14th largest corporate Bitcoin holder globally, according to BitcoinTreasuries.NET data. However, its ambitions extend far beyond this milestone, as it aims to accumulate 21,000 BTC by 2026.
Exploring a US Listing
Metaplanet’s bold Bitcoin moves have not gone unnoticed, and the firm is now exploring new opportunities to make its stock more accessible to investors worldwide. CEO Simon Gerovich recently met with officials at the New York Stock Exchange and Nasdaq to discuss the company’s platforms and functions.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich stated in a March 3 X post.
Although no final decision has been made, the possibility of a US listing is a significant step toward expanding its investor base. Currently, Metaplanet shares (MTPLF) have been trading on OTC Markets since November, allowing international investors to gain exposure to the firm.
Skyrocketing Stock Performance
Metaplanet’s Bitcoin strategy has not only boosted its crypto holdings but also significantly impacted its stock performance. Since launching on OTC Markets on November 22, MTPLF shares have surged 530%, climbing from $3 to $18.9. Additionally, on the Tokyo Stock Exchange, Metaplanet has been one of the top performers over the past year, soaring by an incredible 1,800%, according to Google Finance data.
Leading Japan’s Bitcoin Renaissance
Metaplanet’s commitment to Bitcoin goes beyond just investment; it aims to lead Japan’s Bitcoin renaissance. By leveraging various financial instruments to accumulate more BTC, the firm is setting the stage for a long-term Bitcoin-centric strategy that could reshape Japan’s corporate investment landscape.
With its impressive growth, a potential US listing, and ambitious Bitcoin accumulation goals, Metaplanet continues to solidify its position as a major player in both the corporate and crypto worlds.
