Metaplanet Buy more bitcoin and is positioned as the largest starter with 20,000 BTC

By Hannah Pérez

Metaplenet raised its holdings at 20,000 BTC after new millionaire purchase, leading among companies with more bitcoins outside the United States. Now it surpasses Riot as the 6th largest public corporate holder.

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• Metaplenet raised its holdings at 20,000 BTC after new millionaire purchase.
• He added 1,009 BTC and is now almost 67% of its 30,000 BTC goal by 2025.
• With this purchase it exceeds Riot as the 6th largest public corporate holder.

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The Japanese company Metaplenet announced on Monday the acquisition of 1,009 Bitcoins (BTC) additional for an approximate value of 16,479 million yen (around 112 million dollars), raising its total reserves at 20,000 BTC.

With this operation, the company is positioned as the sixth largest public corporate owner of Bitcoin In the world, surpassing the American mining company Riot Platformsand consolidating as the main holder of Bitcoin outside the United States.

The announcement was made through an official dissemination shared in the company’s X account, where it stands out that this investment is part of the continuous treasury strategy in Bitcoin of Metaplenet.

According to the document, the average price of this acquisition was 16,331,984 yen (approximately USD $ 111,068) per BTC, while the accumulated average cost of all its holdings is USD $ 102,827 per unit, with a total expenditure of 302,312 million yen (approximately 2,056 million dollars).

Metaplenetwhich originally operated in the hotel sector, began its accumulation of Bitcoin In April 2024, adding more than 170 public companies that adopt an approach similar to that of Strategy: capture funds through shares and debt emissions to invest in the leading cryptocurrency and generate value for shareholders.

The express plan of The company is to reach 200,000 BTC by 2027, starting with 30,000 BTC by the end of 2025a goal that the company has already reached 66.6% after its last purchase.

The previous purchase of the company was announced last Monday, with a disbursement of USD $ 11.7 million. Subsequently, Wednesday, Metaplenet He revealed plans to broad Bitcoin.

The CEO Simon Gerovich previously indicated that, in the future, the company could borrow against its BTC reserves to acquire cash generating businesses.

After the announcement, the actions of Metaplenet In the Tokyo Stock Exchange they fell 5.5%, closing in 831 yen, while its price in the United States rose 0.83% to $ 6.11 at the end of Friday.

Bitcoin It is negotiated slightly below USD $ 109,000, with a modest increase of 0.5% in 24 hours and 12% below its historical maximum of USD $ 124,000, according to data from Coingcko at the close of this edition.

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Article written with the help of AI, edited by Diariobitcoin

Edited image of Unspash, with Metaplanet logo

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