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Cryptocurrency News Articles

Metaplanet Achieves 10% of Its Final Target

Feb 20, 2025 at 03:33 pm

Metaplanet has announced a fresh acquisition of 269.43 BTC taking its total Bitcoin holdings to 2,100, in less than a year of starting

Japanese firm Metaplanet has announced a fresh acquisition of 269.43 BTC, bringing its total Bitcoin (BTC) holdings to 2,100 BTC in less than a year since beginning to build its BTC reserves. With this acquisition, the firm has also attained the milestone of acquiring 0.01% of the total BTC supply. Furthermore, Metaplanet has set an ambitious target to increase its BTC holdings tenfold within the next two years, reaching 10,000 BTC by the end of 2026.

On Monday, Metaplanet also announced the acquisition of an additional 68.59 BTC for approximately $6.6 million, at an average price of $96,335 per bitcoin. This move suggests that the company has managed to capitalize on the recent Bitcoin dips before the BTC price recovery to $97,000.

The company’s Bitcoin holdings have yielded an impressive 18% year-to-date (YTD) return in 2025. As of Feb. 20, 2025, Metaplanet’s total Bitcoin reserve stands at 2,100 BTC, acquired at a cumulative cost of $169.9 million, averaging $80,905 per BTC.

Since initiating its Bitcoin strategy in April 2024, the firm has significantly grown its holdings, reaffirming its conviction that Bitcoin is the world’s only truly scarce asset. Speaking on the development, company CEO Simon Gerovich stated:

“This milestone is just one step in our long-term plan to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026, as Metaplanet remains committed to our Bitcoin-first strategy and maximizing long-term shareholder value.”

Moreover, Metaplanet has also raised another $20 million to bolster its Bitcoin strategy in the first two trading days of the “21M Plan,” an initiative to advance its Bitcoin-focused investment strategy. The announcement was made by Metaplanet Bitcoin Strategist Dylan LeClair, highlighting the company’s commitment to reinforcing its BTC holdings and advancing its long-term vision.

Earlier this week, the company also announced that it had successfully raised JPY 4 billion through 0% unsecured bonds, with the funds to be utilized for further Bitcoin acquisitions in 2026 and 2027. It also revealed that it has allocated over $700 million toward its previous initiative to add 21,000 BTC to its Treasury by the end of 2026, underscoring its continued commitment to its Bitcoin strategy. Notably, MicroStrategy’s Michael Saylor has also appreciated the Japanese firm’s roadmap to build its BTC reserves.

One Basis Point of Bitcoin

Metaplanet stock, on the other hand, has surged a staggering 75% since the beginning of 2025, hitting an all-time high above 7,000 JPY earlier this month. After a partial retracement from the highs, the stock is once again on the upward trajectory, gaining 2% today and moving to 6,260 levels.

It is also worth noting that Metaplanet has achieved the distinction of being the largest component in the CoinShares Blockchain Global Equity Index (BLOCK Index), holding a 6.27% weighting. “We’re honored to stand alongside industry leaders and remain committed to demonstrating what a Bitcoin-first approach can achieve for listed companies,” Gerovich added.

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