Metaplanet’s $61.4M Bitcoin buy pushes BTC reserves to $1.85B!

Key Points

1. Metaplanet Inc. added 518 BTC to its reserves, spending $61.4 million, bringing its total holdings to 18,113 BTC worth approximately $1.85 billion.

2. The company has been rapidly accumulating Bitcoin since December 2024, with a prior purchase of 463 BTC for $53.7 million in July, achieving a 459.2% year-to-date BTC yield.

3. Metaplanet ranks sixth globally among public companies holding Bitcoin, trailing behind firms like MicroStrategy, MARA, and Riot.

4. Despite the announcement, Metaplanet's stock initially rose 1% but later fell 2.69%, coinciding with a broader market pullback and a 2.44% drop in Bitcoin's price over 24 hours.

5. The company's strategy aligns with other Bitcoin-centric firms like MicroStrategy, which recently purchased 155 BTC for $18 million, raising its total holdings to 628,946 BTC.