 
 
Japan-headquartered Metaplanet has amassed an additional 780 Bitcoin (BTC) as part of its ongoing Bitcoin Treasury strategy, bringing its total holdings to 17,132 BTC per a new disclosure on Monday.
The Bitcoin treasury firm purchased the latest Bitcoin batch for approximately $92.5 million at an average price of $118,622 per coin, the filing shows.
This latest acquisition brings Metaplanet’s Bitcoin holdings to 17,132 BTC, worth over $2 billion at the current price, securing its position as Asia’s most audacious corporate Bitcoin adopter. Metaplanet, which kicked off its Bitcoin accumulation strategy in April 2024, announced a revised target last month to hold over 210,000 BTC by the end of 2027 to secure 1% of Bitcoin’s total supply.
Bitcoin was recently trading at $118,829, up 0.7% over the past 24 hours, according to data from CoinMarketCap.
According to Metaplanet CEO Simon Gerovich, the firm’s aggregate BTC investment now stands at $1.73 billion, with a blended average purchase price of $101,030 per BTC.
 
Metaplanet’s relentless Bitcoin accumulation represents the most sophisticated crypto treasury masterplan outside Michael Saylor’s Strategy blueprint, delivering yields of 129.4% for the quarter-ended June 30, through an intricate financing mechanism.
The Tokyo-listed firm has “strategically increased” its Bitcoin stash “through acquisitions funded by capital market activities and operating income,” per the Monday filing. The strategy has transformed a relatively obscure Japanese hotelier into one of Bitcoin’s poster kids.
With its 17,132 BTC stack, Metaplanet is currently the seventh-largest public corporate holder of Bitcoin, data from Bitcointreasuries shows. The company overtook the holdings of Elon Musk’s electric vehicle maker Tesla and Bitcoin miner CleanSpark in late June.
Corporate Treasuries Keep Growing
As you already know, Strategy was the first publicly traded company to start a Bitcoin-buying gameplan. The software intelligence firm is now the world’s biggest corporate holder of Bitcoin, with a 607,770 BTC stockpile — valued at a staggering $72 billion.
Other publicly traded companies that have followed suit include Semler Scientific and Anthony Pompliano’s firm ProCap, while other firms have bought alternative cryptocurrencies like Solana, Ethereum, XRP, and BNB.
Source: https://zycrypto.com/metaplanet-boosts-bitcoin-stash-above-2-billion-with-latest-780-btc-acquisition/