Japanese investment giant MetaPlanet continues its interest in Bitcoin. With the latest purchase, the company purchased an additional 156 BTC worth $13.4 million. Thus, its total Bitcoin holdings reached 2,391 BTC. This shows that the company sees market pullbacks as a strategic opportunity. MetaPlanet ranks 14th among public companies holding Bitcoin. While MicroStrategy (214,246 BTC) is in the leader's seat, MetaPlanet has made a rapid entry into the list with 2,391 BTC.
Why Is MetaPlanet Buying Bitcoin?
MetaPlanet stands out as one of the institutional companies that has been accumulating more and more Bitcoin recently. The company's goal is to use Bitcoin as a long-term store of value. This move is seen as similar to the Bitcoin strategy followed by MicroStrategy. The company states that it sees Bitcoin as a hedge against inflation and considers it as digital gold. The latest purchases are being interpreted as part of a strategy to accumulate Bitcoin at low levels during market corrections.
MetaPlanet purchased 156 BTC for $13.4 million at an average price of $85,890 per Bitcoin. As of March 3, MetaPlanet's total Bitcoin assets reached $196.3 million. The company's average cost basis is stated to be $82,100.
Metaplanet's Financial Success and Stock Performance
MetaPlanet's Bitcoin investments have also been positively reflected in the company's financial performance. The company, which has achieved a 31.8% BTC return since the beginning of the year, saw a 20% increase in its stocks on Monday. The company's shares are currently trading at 4,010 yen in Japan. This shows investors' confidence in the company's Bitcoin-focused strategy.
MetaPlanet Considers Listing Outside Japan
MetaPlanet CEO Simon Gerovich announced that the company has received invitations to list on the New York Stock Exchange (NYSE) and Nasdaq. Gerovich said in a statement on X (Twitter). “We are exploring the best ways to make MetaPlanet shares more accessible to investors worldwide.” The company aims to reach global investors by expanding outside of Japan.
Gerovich also stated that MetaPlanet has a future built on the Bitcoin Standard and will continue to grow steadily in this direction. MetaPlanet’s move shows that Japanese companies can play a leading role in financial innovation and long-term value creation.
MetaPlanet’s Long-Term Bitcoin Strategy
MetaPlanet announced its Bitcoin treasury strategy in April 2024 and has been regularly purchasing BTC since then. The company said it aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. This demonstrates MetaPlanet’s long-term commitment to Bitcoin.
The Bitcoin accumulation strategy follows a similar model to that followed by major firms like MicroStrategy. Crypto security firm Coinkite says that 78 companies worldwide currently hold Bitcoin in their institutional treasuries. The increasing popularity of exchange-traded funds (ETFs) is also accelerating institutional Bitcoin adoption.
MetaPlanet’s Bitcoin purchases further increase institutional interest in digital assets. The company sees market declines as an opportunity and sees BTC as a long-term investment vehicle. Plans to expand to major exchanges like the NYSE and Nasdaq also show that MetaPlanet aims to become a global player.
As Bitcoin adoption increases, institutional companies’ BTC strategies will continue to attract more investors. MetaPlanet’s aggressive Bitcoin strategy could lead major financial institutions to follow suit in the coming years.
Author: Besim Şen
