Metaplanet investment in BTC increases Bitcoin reserves, buying another 156 BTC for approximately $13.4 million

Japanese investment firm Metaplanet's BTC investment has increased its Bitcoin reserves further, buying another 156 BTC for approximately $13.4 million.

Japanese investment firm Metaplanet has upped its Bitcoin reserves, purchasing another 156 BTC for about $13.4 million. The buy, which was done at an average of $85,890 per Bitcoin, brings the company’s total Bitcoin reserves to 2,391 BTC.

CEO Simon Gerovich confirmed the strategic investment on Friday, highlighting Metaplanet’s strong emphasis on Bitcoin as a core asset.

Since adopting a Bitcoin-focused strategy in April, Metaplanet has continuously expanded its holdings. The company officially made Bitcoin treasury management a core business function in December.

Just a week prior, Metaplanet acquired 135 BTC, showcasing its consistent accumulation approach. The firm now holds Bitcoin worth $196.3 million, acquired at an average price of $82,100 per BTC. This build-up technique has resulted in a 31.8% year-to-date Bitcoin return.

The company has set targets to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. This massive buying is part of a broader corporate Bitcoin adoption trend, with the likes of MicroStrategy significantly upping their exposure.

Metaplanet’s BTC investment explosive growth showcases its confidence in Bitcoin’s long-term value and resilience.

This Bitcoin buy has benefited Metaplanet’s share price. On Friday, the firm’s shares rose 21.15%, finishing at 4,010 yen on the Tokyo Stock Exchange. This substantial rise places Metaplanet among the top-performing stocks in Japan.

The firm’s stock has soared 530% since listing on the U.S.-based OTC Markets in November, to $18.90 from a mere $3.

In other news, Simon Gerovich has revealed that Metaplanet is considering listing on global exchanges, including the New York Stock Exchange (NYSE) and Nasdaq.

Gerovich met with officials to discuss the possible expansion, stating that the company wants to make its shares more accessible to international investors. Although a listing in the U.S. has not been confirmed, the firm is open to evaluating its options.

As Metaplanet continues its Bitcoin accumulation and integration, its strategy underscores the growing institutional interest in cryptocurrency as a legitimate financial asset class.

The company’s rapid stock appreciation and potential global stock exchange listing further highlight its transformation from a relatively unknown firm to a major player in Japan’s financial sector.

With a clear vision for the future and a robust expansion strategy in place, Metaplanet is set to continue its impressive journey in the digital asset space, leaving a lasting mark on the industry with its innovative and financially sound approach.