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Japanese firm Metaplanet bought 2,205 BTC for $238.7M
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It now holds 15,555 BTC, ranking fifth among public companies
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Metaplanet targets 210,000 BTC by end of 2027
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Q2 revenue rose 42% year-over-year
More Bitcoin for Japan’s Metaplanet
Metaplanet, a Tokyo-based investment company, has acquired another 2,205 BTC for nearly $239 million, bringing its total holdings to 15,555 BTC. This cements its status as the world’s fifth-largest public holder of Bitcoin.
CEO Simon Gerovich confirmed the purchase on X, stating the firm paid an average of $108,237 per BTC.
Strong Growth and Ambitious Targets
Metaplanet’s Bitcoin strategy appears to be paying off. The firm generated 1.1 billion yen (about $7.6 million) in Q2 revenue, marking a 42.4% increase year-over-year.
In June, Metaplanet revised its target to hold over 210,000 BTC by the end of 2027—an aggressive goal that would place it near MicroStrategy’s level, the current leader with over 597,000 BTC.
Despite a minor dip of 1.8% in its stock price on Monday, Metaplanet’s shares have surged 339% year-to-date.
