Japan-Based Company Metaplanet Continues to Buy Bitcoin! Here's Its Latest BTC Purchase Amount

Japan-based Bitcoin treasury firm Metaplanet has increased its holdings by purchasing 463 more Bitcoins (BTC). The purchase brings its total holdings to 17,595 BTC, worth $53.7 million. Metaplanet Maintains 7th Place in Global Rankings with $54 Million Bitcoin Purchase Metaplanet announced today that it completed the latest purchase at an average price of $115,895. According to CEO Simon Gerovich, the company's total BTC holdings are worth approximately $1.78 billion, with an average purchase price of $101,422. This latest investment follows the company's announcement last Friday of a plan to issue 555 billion yen ($3.7 billion) worth of new perpetual preferred shares to support its Bitcoin buying strategy. “Our goal is to have multiple capital raising tools to buy Bitcoin,” Gerovich said in a post on the X platform on Sunday. “The mission of the Bitcoin standard is to continuously increase the amount of Bitcoin per share. Issuing perpetual preferred shares is an extremely useful tool for maximizing long-term shareholder value,” he said. According to Bitcointreasuries data, Metaplanet holds the seventh-largest Bitcoin holding globally, with 17,595 BTC. It is ahead of MicroStrategy, Marathon Digital (MARA), XXI, Bitcoin Standard Treasury Company, Riot Platforms, and Trump Media. *This is not investment advice. Continue Reading: Japan-Based Company Metaplanet Continues to Buy Bitcoin! Here's Its Latest BTC Purchase Amount