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Japanese bitcoin treasury firm Metaplanet has made another major move in its crypto strategy, purchasing 463 BTC worth $53.7 million. The company revealed on Monday that the latest acquisition was made at an average price of $115,895 per bitcoin. With this buy, Metaplanet now holds 17,595 BTC, valued at roughly $1.78 billion, based on an average price of $101,422 per bitcoin.
The company recently filed plans to raise up to 555 billion yen, or $3.7 billion, by issuing new perpetual preferred shares. This move aims to strengthen its long-term bitcoin buying strategy. CEO Simon Gerovich emphasized that Metaplanet is building a range of tools to support its bitcoin acquisitions and drive long-term shareholder value.
Metaplanet currently ranks seventh globally among bitcoin-holding companies. It stands just behind major firms such as Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media, according to Bitcointreasuries data. The company continues to push forward with its Bitcoin standard approach, signaling strong institutional support for crypto.
