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    Home » Metaplanet expands Bitcoin holdings with $13.4M purchase, eyes global accessibility
    Markets 4 months ago

    Metaplanet expands Bitcoin holdings with $13.4M purchase, eyes global accessibility

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    3-3-2025 – Metaplanet has bolstered its cryptocurrency portfolio with the acquisition of an additional 156 Bitcoin, valued at approximately $13.4 million at a rate of $85,890 per coin, according to a statement released on 3 March. The Tokyo-based investment firm now possesses a total of 2,391 Bitcoin.

    Since initiating its cryptocurrency investment strategy in April last year, the Simon Gerovich-led company has invested $196.3 million in Bitcoin at an average purchase price of $82,100 per coin. This strategic approach has yielded a 13% return on investment to date.

    The firm’s shares have demonstrated remarkable performance on the Tokyo Stock Exchange, recording a staggering 1,800% increase over the past 12 months, as evidenced by Google Finance data. Simultaneously, Metaplanet’s over-the-counter shares (MTPLF) have surged by 530% since their debut on 22 November, climbing from $3 to $18.9.

    Amidst this financial success, Gerovich recently engaged with officials at the New York Stock Exchange and Nasdaq to showcase Metaplanet’s “platforms and functions.” In a 3 March post on X, formerly Twitter, he remarked, “We are considering the best way to make Metaplanet shares more accessible to investors around the world.”

    The firm’s shares have been trading on OTC Markets since November, a US-based financial marketplace that provides price and liquidity information for approximately 12,400 over-the-counter securities, many of which originate internationally. This move has already enhanced the accessibility of the company’s stock to global investors, although a formal listing outside Japan remains under consideration.

    Currently positioned as the world’s 14th largest corporate Bitcoin holder according to BitBo’s BitcoinTreasuries.NET data, Metaplanet has implemented various financial instruments to support its cryptocurrency strategy. The firm has set an ambitious target of accumulating 21,000 Bitcoin by 2026, as part of its broader initiative to spearhead Japan’s Bitcoin renaissance.

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