Metaplanet has now secured its position as the world’s leading non-US corporate Bitcoin treasury, holding 17,132 BTC after a recent acquisition of 780 BTC worth approximately $92 million. This placement positions it as the seventh-largest corporate Bitcoin holder globally and the foremost outside the United States.
The latest purchase involved 780 BTC bought at an average price of $118,145 per coin. Metaplanet’s total Bitcoin investment now stands around $1.7 billion, with an average cost of $99,640 per coin across all holdings. CEO Simon Gerovich attributes this growth to the company’s Japan-centric model, which prioritizes compliance with local regulatory frameworks and offers tax-free Bitcoin exposure to investors.
The strategy has garnered significant market confidence, reflected in Metaplanet’s stock price surging 517% over the past year. This performance underscores investor alignment with the firm’s approach of leveraging Japan’s unique legal and tax environment for cryptocurrency holdings.