Japanese company Metaplanet has made a significant move in the cryptocurrency market by purchasing an additional 1,234 Bitcoins, surpassing Tesla's BTC reserves. The firm's ambitious plans include large-scale expansion in the crypto space.
Key Highlights:
- Metaplanet acquired 1,234 BTC at an average price of ¥15.6 million (~$108,000 USD), increasing its total holdings to 12,345 BTC.
- The company aims to accumulate 201,112 BTC by 2027, potentially investing over $21 billion at current prices.
- Metaplanet now ranks seventh among corporate Bitcoin holders, trailing CleanSpark (12,502 BTC) by just 157 coins.
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Metaplanet Surpasses Tesla and Nears the Top Spot
Metaplanet recently announced its purchase of 1,234 Bitcoins, bringing its total reserves to 12,345 BTC. This transaction propels the company ahead of Tesla, which currently holds 11,509 BTC.
The acquisition was made at an average price of ¥15.6 million per Bitcoin (~$108,000 USD), closely mirroring Bitcoin's market price of **$108,150** at the time of purchase.
According to BitcoinTreasuries.NET, Metaplanet now ranks seventh among corporate Bitcoin holders, with CleanSpark holding a slight lead at 12,502 BTC.
Ambitious Goals: 201,112 BTC by 2027
Metaplanet's latest purchase is part of its broader "555 Million Plan." The company plans to acquire 201,112 BTC by 2027, which could require an investment of $21 billion at current prices.
To fund this initiative, Metaplanet's board approved an additional capital contribution of ¥5 billion (~$31 million). This aggressive accumulation strategy highlights the company's view of Bitcoin as both a store of value and a long-term competitive advantage.
Growing Trend of Corporate Bitcoin Adoption
Metaplanet isn't alone in its Bitcoin accumulation efforts. Recent corporate activity includes:
- Nakamoto Holdings: Raised $51.5 million for BTC purchases.
- Parataxis Holdings: Launched a BTC vault platform in South Korea.
- Norwegian firm K33: Plans to raise SEK 85 million (~$8.9 million) to buy up to 1,000 BTC.
- Block Exchange: Norwegian crypto exchange announced its first BTC vault, causing a 138% stock surge in one day.
- The Blockchain Group (France): Purchased 182 BTC for $19.6 million, increasing its holdings to 1,728 BTC.
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FAQ: Corporate Bitcoin Adoption
Why are companies like Metaplanet buying Bitcoin?
Companies view Bitcoin as a hedge against inflation, currency instability, and monetary policy risks. Its limited supply and decentralized nature make it an attractive long-term asset.
How does Metaplanet’s BTC holdings compare to Tesla’s?
Metaplanet now holds 12,345 BTC, surpassing Tesla’s 11,509 BTC. However, both trail MicroStrategy, the largest corporate holder with over 214,000 BTC.
What is Metaplanet’s long-term Bitcoin strategy?
The company aims to hold 201,112 BTC by 2027 as part of its "555 Million Plan," signaling strong confidence in Bitcoin’s future value.
Is Bitcoin Becoming the New Corporate Gold?
Metaplanet’s actions reflect a broader trend where corporations treat Bitcoin as a reserve asset rather than just a speculative investment. Amid economic uncertainty, BTC offers a decentralized alternative to traditional stores of value like gold.
While Bitcoin’s volatility remains a risk, its long-term upward trend and institutional adoption suggest growing acceptance as a 21st-century reserve asset.