Japanese investment firm Metaplanet has acquired an additional 797 BTC for approximately $93.6 million, continuing its aggressive accumulation of bitcoin.
Metaplanet CEO Simon Gerovich wrote on X on Monday that the company purchased 797 BTC at an average price of around $117,451 per bitcoin. The latest acquisition brought its total holdings to 16,352 BTC, acquired for $1.64 billion.
“Another week, another tranche,” said Gerovich.
Metaplanet remains the world’s fifth-largest publicly traded corporate holder of bitcoin, behind Strategy, MARA, Twenty One, and Riot Platforms, according to bitcointreasuries.net data. Michael Saylor’s Strategy remains at the top of the rankings with 597,325 BTC.
The Japan-listed company pivoted from operating a hotel management business to a bitcoin treasury firm last year. Last month, it announced a revised target to hold over 210,000 BTC by the end of 2027.
In an interview with the Financial Times released last week, Metaplanet stated its plans to borrow against its bitcoin holdings to buy cash-generating businesses. Gerovich said that the company was in a “bitcoin gold rush” that presents opportunities to branch out into sectors such as digital financial services, while noting that the firm’s plans to buy other businesses are still in their very preliminary stages.
Metaplanet’s bitcoin-centric operations saw robust growth in the second quarter, with revenue reaching nearly 1.1 billion yen ($7.6 million), marking a 42.4% year-over-year increase, according to its quarterly report released earlier this month.
Bitcoin broke above $120,000 late Sunday night to set a new all-time high, and is currently trading up 2.5% over the past 24 hours at $120,754, according to The Block’s bitcoin price page.
Meanwhile, Metaplanet’s stock rose 1% to 1,580 yen ($10.7) as of noon in Japan on Monday, with the market still open, Yahoo Finance data shows.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
