Metaplanet Leads Asia: Buying 5,419 Bitcoin Takes It to the Top of Digital Currency Holding Companies
The Japanese company Metaplanet has jumped to the forefront of the most Bitcoin-holding Asian companies after announcing the purchase of 5,419 new digital coins, bringing its total reserves to 25,555 Bitcoin. The value of the deal is approximately 627 million dollars, with an average price of 115,900 dollars per Bitcoin, according to the company's disclosure on September 22.
Data indicates that the total value of the company's holdings reached 2.67 billion dollars at an average purchase price of 104,400 dollars per Bitcoin, in a rapid growth trajectory since launching its digital currency holding program, where holdings have doubled from 13,350 Bitcoin in June to over 25,500 Bitcoin in September.
This expansion comes supported by the company's activities in financial markets, including an international stock offering that raised over one billion dollars, of which nearly half was directed toward purchasing Bitcoin. Thus, Metaplanet surpasses global companies like Coinbase and Tesla, with plans to reach 30,000 Bitcoin by 2025 and 210,000 by 2027, representing about 1% of the total fixed supply of the digital currency.
Through this step, Metaplanet proves its commitment to long-term acquisition of Bitcoin, solidifying its position as a key player in the Asian digital asset markets and transforming it into a global investment engine for Bitcoin.
