Metaplanet’s Bitcoin Holdings Hit $2B Following Latest Buy
Key Takeaways
- Metaplanet is the 7th largest corporate holder of Bitcoin with 17,595 BTC.
- The firm is targeting 100,00 BTC by the end of 2026.
- Metaplanet’s stock has risen over 1,300% since its pivot to BTC in April 2024.
Japan’s Metaplanet has bought the dip and bagged another huge batch of Bitcoin (BTC).
As it eyes 210,000 BTC by the end of 2027, its CEO believes the premier token is finally being recognized as the bedrock of a new economic era.
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Buying the Dip
As per the firm’s latest disclosure, Metaplanet has acquired 463 BTC for a total $53.7 million at an average of $115,895 per BTC.
Metaplanet now commands 17,595 BTC worth just over $2 billion , ranking it as the seventh largest corporate holder of BTC.
The firm’s CEO, Simon Gerovich, posted to X to explain that the firm’s aim is to set up “multiple tools” for raising capital to fund BTC purchases.
With aims to hold 100,000 BTC by the end of 2026, and 210,000 the year after, Metaplanet has attracted a great deal of attention, notably from investors who have clamoured for Metaplanet stock over the past year, which has seen it rise by over 1,300% since April 2024.
Unexpected Success
As per the latest disclosure from Metaplanet, the firm has bagged 780 BTC for a total of $92.5 million at $118,622 per BTC.
Having acquired the entirety of its stash for approximately $1.71 billion, the firm’s portfolio sits with an unrealized profit of roughly $317.68 million.
Speaking with Forbes Japan , Metaplanet’s Gerovich said that the firm’s success was rapid following its pivot to Bitcoin.
The firm’s stock performed incredibly after becoming a BTC treasury firm and made it the “best performing brand in the country,” he notes.
He adds that this growth shows that Bitcoin is being recognized as more than just an asset, “but the foundation of a new financial age.”
A Small Decline
After a lengthy and bullish rally, Metaplanet’s stock MTPLF has tumbled despite Bitcoin overperforming the markets.
Between July 18 and July 22, the stock fell by 20%, which came as part of a broader 39% decline from its June 16 all-time high.
Naturally, this has worried some investors who had recently added MTPLF to their portfolio.
In a bid to alleviate concerns, CEO Simon Gerovich noted that the firm has made significant progress.
Following a 70% stock drop in August 2024, the firm has since recovered and now holds 66 times more BTC than it did then. He writes:
“Internally, we are smarter, stronger, and more efficient than ever.”
Adding,
“The road to the 1% club will be volatile, in both directions. Thank you for your continued support and belief in our mission.“
This 1% club he refers to is the firm’s aim to hold exactly 1% of all BTC in existence, or 210,000 BTC.
The likeliest cause of the dip would be profit-taking investors who may have long-held positions in Metaplanet, whose stock has gone parabolic over the past year or so following its Bitcoin pivot.
Despite the current dip, MTPLF remains a top performer and is up by 462% over the past year.
Up and Up
According to Metaplanet’s latest disclosure , the firm has netted an additional 797 BTC for $93.6 million, paying roughly $117,451 per token.
It now commands a heavy 16,352 BTC purchased at an average of $100,191 per token.
With Bitcoin trading above $122,000, its holdings are worth around $2 billion and carry an unrealized profit of approximately $362.5 million.
Metaplanet’s stock is one of the top performers this year, and has risen 335.8% year-to-date (YTD), and a whopping 1,427% since it became a Bitcoin treasury just over a year ago.
Initially, Metaplanet had set out to acquire 10,000 BTC by the end of 2025.
Having crossed that goal in June, the firm is aiming higher with a new target of 100,000 BTC this year. It intends to hold more than double that, 210,000 BTC, by the end of 2026.
Double Time
As per Metaplanet’s latest disclosure , the firm has made its largest-ever purchase of BTC, bagging 2,205 BTC for a total of $238.7 million at roughly $108,237 per token.
It now holds a gigantic 15,555 BTC worth $1.69 billion . With each token purchased at an average of $99,307, Metaplanet’s portfolio carries an unrealized profit of approximately $162 million.
These efforts have proven wildly successful for the firm’s stock price . In just over a year since it announced it would adopt Bitcoin as…
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