Metaplanet Snaps Up 797 More BTC in Aggressive Bitcoin Gold Rush
2025-07-14 11:25:21
Main Idea
Metaplanet has significantly increased its Bitcoin holdings, acquiring 797 BTC at an average price of $117,000 per unit, bringing its total to 16,352 BTC worth approximately $1.64 billion, as part of its ambitious plan to accumulate 1% of the total Bitcoin supply by 2027.
Key Points
1. Metaplanet purchased 797 BTC at an average price of around $117,000 per unit, spending approximately 13.8 billion yen.
2. The company now holds 16,352 BTC, equivalent to approximately $1.64 billion.
3. This acquisition follows a previous purchase of 2,205 BTC just a week earlier.
4. Metaplanet aims to control over 210,000 BTC by 2027, which is around 1% of the total Bitcoin supply.
5. The company's executive described the strategy as a 'Bitcoin gold rush' and stated they would never sell the crypto asset.
Description
Japanese investment firm Metaplanet has expanded its Bitcoin holdings with the purchase of 797 BTC, after spending approximately 13.8 billion yen, which is worth around $93 million. The company acquired Bitcoin at an average price of around $117,000 per unit. Aiming for “Escape Velocity” Following the latest acquisition, Metaplanet currently holds 16,352 BTC, equivalent to approximately $1.64 billion. It maintains its position as the world’s fifth-largest publicly traded corporate BTC holder, ac...
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