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Metaplanet announced on Monday it has acquired 1,111 BTC as Bitcoin’s price dipped below $99K. The purchase shows the company’s strong belief in Bitcoin’s future despite global tensions and US Fed policies. The company remains focused on increasing its crypto holdings as part of its long-term strategy.
The latest $118.2 million BTC purchase brings Metaplanet’s total to 11,111 BTC making it the 8th-largest corporate Bitcoin holder just behind Tesla. The company’s quarter-to-date BTC yield now stands at 107.9% reflecting its bold position in the crypto space. CEO Simon Gerovich shared the news on X expressing confidence in Bitcoin’s growth potential.
Metaplanet previously purchased 1,112 BTC on June 16 to reach 10,000 BTC ahead of its target. The company plans to raise more funds through $210 million in bonds to buy more Bitcoin. Metaplanet aims to hold 100,000 BTC by 2026 and 210,000 BTC by 2027 under its Accelerated Bitcoin Plan.
