Tokyo-based investment firm Metaplanet has enhanced its Bitcoin reserves with an acquisition of 1,004 BTC, raising its total holdings to 7,800 BTC.
In a recent regulatory update, Metaplanet revealed a significant purchase of 1,004 BTC, valued at approximately $104 million, made at an average price of $97,182 per BTC. This brings the company’s total Bitcoin investment to around $712.5 million.
This strategic move coincides with Bitcoin’s market price breaking the $100,000 mark, driven by positive sentiment regarding U.S.-China tariff negotiations. As a result, Metaplanet now enjoys an unrealized profit of $77.4 million.
The announcement led to a notable 12% increase in Metaplanet’s stock price on the Tokyo Stock Exchange, reaching levels not seen since February. The company’s market capitalization surged to ¥365.12 billion (approximately $2.34 billion).
With this latest acquisition, Metaplanet is now positioned alongside major corporate Bitcoin holders such as Block Inc, which holds 8,584 BTC, and cryptocurrency exchange Coinbase, with 9,267 BTC, according to Bitcoin Treasuries.
Metaplanet CEO Simon Gerovich has previously indicated an objective of accumulating 10,000 BTC by the end of 2025. With the latest addition to their holdings, the firm has achieved 78% of that goal.
