In a significant move that underscores the growing institutional adoption of Bitcoin, Tokyo-based investment firm Metaplanet has expanded its Bitcoin treasury to 8,888 BTC following a substantial purchase of 1,088 coins. This latest acquisition, valued at approximately $117 million, positions Metaplanet among the top 10 publicly traded Bitcoin holders globally.
As Bitcoin’s supply continues to tighten, institutional players like Metaplanet are accelerating their accumulation strategies. The firm’s average acquisition cost stands at $93,354 per BTC, with total investments approaching $830 million.
Breaking Down Metaplanet’s Bitcoin Strategy
Since initiating its Bitcoin program in April 2024, Metaplanet has demonstrated remarkable momentum in building its position:
- Total Holdings: 8,888 BTC
- Latest Purchase: 1,088 BTC at $107,770 per coin
- Total Investment: $829.7 million
- Current Market Value: $932 million
- Unrealized Gain: $102.5 million
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Institutional Bitcoin Adoption Accelerates
Metaplanet’s aggressive accumulation strategy reflects a broader trend of institutional Bitcoin adoption. Notable players in the space include:
| Institution | BTC Holdings | Market Value |
|---|---|---|
| Strategy (formerly MicroStrategy) | 580,250 | $60.9B |
| Metaplanet | 8,888 | $932M |
| Block Inc. | 8,584 | $901M |
Future Outlook and Market Impact
Metaplanet has publicly announced its target of reaching 10,000 BTC by the end of 2025. With current holdings at 8,888 BTC, the firm is well-positioned to achieve this goal, having completed 89% of its planned accumulation.
Frequently Asked Questions
Q: What is Metaplanet’s average Bitcoin purchase price?
A: Metaplanet’s average acquisition cost is $93,354 per BTC across all purchases.
Q: How much has Metaplanet invested in Bitcoin total?
A: The firm has invested approximately $829.7 million in Bitcoin.
Q: What is Metaplanet’s target Bitcoin holdings?
A: The company aims to accumulate 10,000 BTC by the end of 2025.
Featured image: Shutterstock
