Metaplanet buys additional 463 Bitcoin, increases stash to 17,595 coins

Published 04/08/2025, 05:46
© Reuters.

Investing.com-- Metaplanet Inc (TYO:3350) on Monday said it had acquired an additional 463 Bitcoin, bringing the Japanese hotelier turned treasury company’s total stockpile to 17,595 coins.

The company purchased 463 Bitcoin at an average purchase price of 17,268,320 yen ($116,975) per coin, with its total holdings now valued at around $2 billion, the company said in a filing on Monday. 

Metaplanet is the world’s seventh-largest corporate Bitcoin holder, behind Trump Media & Technology Group Corp (NASDAQ:DJT), and had pivoted into becoming a treasury in 2024. 

The company said on Friday that it plans to raise $3.7 billion through a stock offering to buy even more Bitcoin.

The issuance is largely in line with a strategy initially popularized by Strategy (formerly MicroStrategy Incorporated (NASDAQ:MSTR)), which is the world’s biggest corporate holder of Bitcoin.

Bitcoin traded marginally higher at $114,471.1 on Monday. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.