- Metaplanet acquired 68.59 Bitcoin earlier today.
- With this acquisition, it holds 0.01% of the total BTC supply.
No matter the market condition, Bitcoin has reached a stage where global organizations and investors perceive it as a store of value. Investors who believe in its fundamentals are no more concerned with its market price movements. In fact, they would like the BTC price to be in low ranges so that they can buy more Bitcoins.
MicroStrategy and its CEO Michael Saylor made rounds numerous times across mainstream media for buying Bitcoins relentlessly. Metaplanet is following its footsteps and is also buying large amounts of Bitcoins lately. It is even called Japan’s Microstrategy referring to its commitment to buying BTC.
Metaplanet purchased an additional 68.59 Bitcoins as per a recent announcement on its official X account. This acquisition happened at an average price of 14,527,372 yen per BTC. The company disclosed its “Bitcoin Plan” in Jan 2025, elaborating on its focus to expand its Bitcoin holdings.
Metaplanet Reaches 0.01% of Total Bitcoin Supply
Metaplanet’s Bitcoin holdings amount to 2,100 BTC, reaching 0.01% of the total supply. The fact that the company acquired 2,100 BTC within less than a year after it announced BTC buying strategy in April 2024, is notable. It remains committed to buying more Bitcoins and reaching 10,000 Bitcoins target by this year and 21,000 Bitcoins by 2026.
Earlier this week, Metaplanet purchased 269.43 Bitcoins and reached the 2,031 BTC milestone. The company announced the issuance of 21 million shares to acquire more BTC in Jan 2025. This allows the company to raise funds to continue its Bitcoin buying spree.
Nonetheless, Bitcoin is still struggling to reach its previous high price ranges. Even though the anticipation of Bitcoin bull run is dimming among investors, Bitcoin maximalists are continuing their BTC acquisition.
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