This purchase is part of the company’s ongoing aggressive strategy to accumulate Bitcoin, bringing its total holdings to 3,350 BTC, valued at $291.3 million at current market prices.
Eric Trump Joins Metaplanet as Strategic Advisor
The firm’s latest Bitcoin acquisition comes shortly after the appointment of Eric Trump, son of former U.S. President Donald Trump, to Metaplanet’s Board of Strategic Advisors. CEO Simon Gerovich emphasized that Eric Trump’s “business expertise and passion for BTC” will play a key role in helping Metaplanet achieve its goal of becoming a leading global Bitcoin treasury.
Metaplanet’s Ambitious Bitcoin Accumulation Goals
Since initiating its Bitcoin adoption strategy in November 2024, Metaplanet has been steadily increasing its BTC assets. The firm has set ambitious targets to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026. Currently, Metaplanet ranks as the 10th largest publicly traded Bitcoin holder and is the largest Bitcoin holder in Asia, according to Bitcointreasuries.net.
Stock Performance and Investor Confidence
Following the announcement of its latest Bitcoin purchase, Metaplanet’s stock saw a 4.8% increase in the afternoon trading session in Japan. Year-to-date, the firm’s shares have risen by 38.7%, reflecting the growing confidence of investors in its Bitcoin-focused investment strategy.
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Source: https://coindoo.com/metaplanet-expands-bitcoin-holdings-with-12-6-million-purchase/