Japan-based technology and investment firm Metaplanet has purchased an additional 1,005 Bitcoins worth approximately $108 million, bringing its total Bitcoin holdings to 13,350 BTC. Metaplanet Buys 1,005 More Bitcoins to Reach 13,350 BTC, Surpassing Galaxy Digital and CleanSpark With this move, the company became the world’s fifth-largest public Bitcoin holder, ahead of giants such as Galaxy Digital (12,830 BTC) and CleanSpark (12,502 BTC) in the institutional BTC investment rankings. The company's CEO Simon Gerovich said on Monday that the new Bitcoin purchase was made at an average price of $107,601, and the total portfolio is worth about $1.4 billion at current market value. “Just three months ago we announced that we had reached 3,350 BTC, now we are at 13,350 BTC with another 10,000 BTC added to that,” Gerovich said. 210,000 BTC Target Earlier this month, Metaplanet announced its goal of holding 210,000 BTC by the end of 2027. The company’s aggressive strategy shows that institutional investors’ interest in Bitcoin continues unabated. On the same day, Metaplanet announced that it had issued new non-interest-bearing bonds worth 30 billion yen (about $208 million). The bonds will mature on December 29, 2025. Some of the funds will be used to repurchase and cancel previously issued interest-bearing and secured bonds, while the rest will be used to purchase Bitcoin. Metaplanet shares were up 9.9% on Japanese markets Monday morning. The company's shares have gained 53.5% in the past month and 370.7% since the beginning of the year. In terms of institutional BTC holdings, MicroStrategy is still at the top of the list. The company continues to lead by holding a total of 592,345 BTC, including 245 BTC it purchased last week. Metaplanet's latest investment opens the door to a new era in institutional acceptance of Bitcoin and clearly demonstrates the company's long-term vision in this area. *This is not investment advice. Continue Reading: Japan-Based Technology Company Metaplanet Continues Bitcoin Purchases! Will It Achieve Its Target? Here Are the Details
