Metaplanet Flips El Salvador—6,796 BTC on $126.7M Buy
Metaplanet, a Japanese tech investment firm, bought 1,241 Bitcoins for $126.7 million, or $102,111 per coin. This is the largest purchase...
Quick overview
- Metaplanet, a Japanese tech investment firm, purchased 1,241 Bitcoins for $126.7 million, making it the largest Bitcoin acquisition to date.
- The firm's total Bitcoin holdings now stand at 6,796, surpassing El Salvador, with a goal of reaching 10,000 BTC by the end of 2026.
- Metaplanet's Bitcoin investments have yielded a 170% return over the past year, and its stock price has increased by 1,700% since mid-2024.
- Bitcoin's price recently surged to $105,000, driven by institutional buying and improving US-China trade talks.
Metaplanet, a Japanese tech investment firm, bought 1,241 Bitcoins for $126.7 million, or $102,111 per coin. This is the largest purchase of its kind and brings its total BTC holdings to 6,796, surpassing El Salvador.
Metaplanet is often called the “MicroStrategy of Japan” since it started a Bitcoin focused treasury strategy in mid 2024. Its total BTC investment is now $608.2 million with an average purchase price of $89,492 per BTC.
This follows the company’s issuance of $25 million 0% bonds, part of its use of the EVO FUND to buy Bitcoin without diluting equity or raising debt costs.
Metaplanet’s Path to 10,000 BTC
Metaplanet has a target of 10,000 BTC by the end of 2026 and is now 67% of the way there. CEO Simon Gerovich said they have a 170% return on their Bitcoin investments over the past year and are confident in the long term value of digital assets.
Market voices, including Blockstream CEO Adam Back, have called Metaplanet’s BTC strategy “sharper” than even MicroStrategy’s.
Key stats:
Total BTC: 6,796
Total investment: $608.2 million
Average BTC price: $89,492
Stock price up 1,700% since mid 2024
BTC goal: 10,000 BTC by 2026
Metaplanet is now gunning for Block Inc. and Coinbase.
Bitcoin Price at $105,000
Bitcoin price surged to $105,000, up 10.63% weekly, as US-China trade talks improve. Institutional buying is driving the rally.
LookonChain, a blockchain analytics firm, reported a whale bought 1,721 BTC worth nearly $179 million in 48 hours. This kind of big buying is a sign of growing confidence in the market.
Analyst Joe Consorti noted a 70 day correlation between Bitcoin and Global M2 Money Supply.Metaplanet up 3% today, above 550 JPY, 51% YTD.
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