Metaplanet Purchases 1,004 Bitcoins, Taking Total BTC Holdings Beyond $800 Million

Metaplanet, the Tokyo-based investment firm, has added 1,004 more bitcoin (BTC) to its portfolio, investing roughly $104.3 million, according to a disclosure on Monday.

This acquisition brings the company’s total bitcoin holdings to 7,800 BTC, with an average purchase price of $103,873 for this latest batch.

Overall, Metaplanet’s bitcoin stash was accumulated at an average cost of $91,300 per coin and is now valued at over $806 million at current market rates. The firm aims to increase its bitcoin holdings to 10,000 BTC by the end of 2025.

Since initiating its bitcoin accumulation strategy in April 2024, Metaplanet has followed a treasury playbook inspired by firms like MicroStrategy (MSTR).

Bitcoin remains near its all-time highs, trading close to $103,343 amid a recent rally supported by improving macroeconomic conditions.

To finance its bitcoin purchases, Metaplanet has been issuing bonds, recently completing its 15th ordinary bond sale valued at $15 million.