Metaplanet Adds 518 BTC, Now Holds $1.85 Billion Worth of Bitcoin
Main Idea
Japanese investment firm Metaplanet has increased its Bitcoin holdings to 18,113 BTC, with plans to accumulate 1% of Bitcoin's total supply by 2027.
Key Points
1. Metaplanet acquired an additional 518 BTC at an average price of $118,519 per coin, bringing its total holdings to 18,113 BTC.
2. The company's total Bitcoin reserves amount to $1.85 billion, with an average purchase price of $101,911 per coin.
3. Metaplanet's BTC Yield, measuring Bitcoin holdings relative to fully diluted shares, reached 26.5% from July 1 to August 12.
4. In July, Metaplanet acquired 4,245 BTC across four transactions, with purchases ranging from 463 BTC to 2,205 BTC.
5. The firm aims to accumulate 210,000 BTC (1% of Bitcoin's total supply) by the end of 2027 under its '555 Million Plan'.
6. Metaplanet ranks 6th globally among corporate Bitcoin holders, trailing behind larger entities like Strategy, MARA, and XXI.
Description
Japanese investment firm Metaplanet has acquired an additional 518 BTC for roughly $61.4 million. This latest transaction brings the company’s total holdings to 18,113 BTC. Details Of The New Transaction Metaplanet’s CEO, Simon Gerovich, shared the news in an August 12 X post, revealing that the latest buy was made at an average price of $118,519 per coin. As of August 12, the company’s reserves amounted to 18,113 BTC, acquired for $1.85 billion at an average price of $101,911 per coin. The outf...
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