Metaplanet continues its strategy to increase Bitcoin $97,288 reserves. The company has added 269.43 BTC ($97,211.56) in its latest acquisition, bringing its total holdings to 2,100 BTC. This amount corresponds to 0.01% of the total Bitcoin supply. The investments are part of a long-term growth plan.
Growth Strategy in Bitcoin Investments
Since April 2024, Metaplanet has gradually increased its Bitcoin assets. The company purchased a total of 2,100 BTC at a cost of $169.9 million, calculating an average cost of $80,905 per BTC.
The company’s long-term targets are noteworthy. Metaplanet plans to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. Despite market fluctuations, Metaplanet maintains its belief in Bitcoin’s future value, viewing price corrections as investment opportunities.
Capital Increase and Stock Performance
To support Bitcoin purchases, the company has conducted a capital increase. Metaplanet raised approximately $20 million in additional funds while also collecting JPY 4 billion through risk-free bo…