Key Highlights:
  • Japan-based Metaplanet purchased 1,234 BTC, raising its total to 12,345 BTC.

  • The firm’s goal is to reach 100,000 BTC by 2026.

  • Over 140 public companies now hold Bitcoin as part of their treasury strategy.

Strategic Bitcoin Accumulation Reaches New Milestone

Metaplanet has added 1,234 BTC to its reserves, a purchase worth around $132 million. The firm now holds 12,345 BTC valued at more than $1.3 billion, reinforcing its position as Japan’s largest corporate Bitcoin holder. The purchase price was approximately $108,000 per BTC, according to company disclosures.

Long-Term Goal: 100,000 BTC by 2026

This latest buy is part of Metaplanet’s aggressive goal to amass 100,000 BTC by 2026. Despite a slight dip in the company’s stock after the announcement, Metaplanet remains a significant player in the growing trend of corporate Bitcoin accumulation.

Broader Trend in Corporate Treasury Strategy

More than 140 publicly traded companies now hold Bitcoin, collectively owning over $90 billion worth. Metaplanet ranks seventh overall and is the largest non-American holder. The top spot remains with Strategy, which holds over $63 billion in Bitcoin.

Read the full article on decrypt.