Japanese bitcoin treasury firm Metaplanet has acquired an additional 518 BTC for roughly $61.4 million, as the company continues to accumulate the world’s top cryptocurrency.
The Tokyo-listed company disclosed Tuesday that it purchased the latest batch of 518 BTC at an average price of about $118,519 per bitcoin.
Its CEO, Simon Gerovich, said that the latest bitcoin purchase boosted the company’s total holdings to 18,113 BTC, acquired for $1.85 billion at an average price of $101,911 per bitcoin.
Metaplanet’s Tuesday bitcoin purchase disclosure follows its announcement earlier this month of plans to raise up to 555 billion yen ($3.7 billion) through issuing new perpetual preferred shares to support its bitcoin acquisition strategy.
The Japanese company currently ranks sixth globally in terms of bitcoin holdings, behind Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot, according to data from Bitcointreasuries. Strategy, led by Michael Saylor, announced Monday that it purchased another 155 BTC for approximately $18 million, bringing its total holdings to 628,946 BTC.
Bitcoin fell 2.4% in the past 24 hours to trade at $118,883 at the time of writing, though it remained up 4% over the past week, according to The Block’s bitcoin price page.
Metaplanet’s stock dipped 1.6% as of around noon on Tuesday in Japan, according to Yahoo Finance data, with the market still open. The stock has fallen 37% over the past month but remains up 183% year-to-date.
© 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.
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