Bitcoin holding company Metaplanet has purchased an additional 156 BTC, with its CEO exploring strategies to "enhance stock accessibility" for global investors.
Metaplanet's Latest Bitcoin Acquisition
On March 3, Metaplanet invested approximately $13.4 million to acquire 156 Bitcoin at $85,890 per BTC, bringing its total reserves to 2,391 BTC. The company, led by CEO Simon Gerovich, has now accumulated $196.3 million worth of Bitcoin at an average purchase price of $82,100 per coin—yielding a 13% ROI since implementing its Bitcoin strategy in April 2023.
Strategic Expansion Beyond Japan
Gerovich recently met with officials from the New York Stock Exchange and Nasdaq to discuss Metaplanet's platform capabilities. While no final decision has been made, the firm is actively evaluating a potential US listing to increase global investor access to its shares.
👉 Discover how Metaplanet plans to revolutionize Bitcoin adoption in Japan
Market Performance and Bitcoin Strategy
- Stock Surge: MTPLF shares have skyrocketed 530% on OTC Markets since their November debut, climbing from $3 to $18.90.
- TSE Leadership: Metaplanet ranks among the Tokyo Stock Exchange's top performers, with shares appreciating 1,800% over 12 months.
- Bitcoin Treasury Status: The company holds the 14th-largest institutional BTC position globally per BitcoinTreasuries.NET.
Long-Term Bitcoin Goals
Metaplanet aims to accumulate 21,000 BTC by 2026 through diversified financial instruments, positioning itself as a catalyst for Japan's Bitcoin ecosystem revival.
FAQ: Metaplanet's Bitcoin Strategy
Q: Why is Metaplanet buying Bitcoin?
A: The company views BTC as a strategic reserve asset and hedge against Japan's economic challenges, while promoting cryptocurrency adoption.
Q: What would a US listing mean for investors?
A: A Nasdaq or NYSE listing could significantly improve liquidity and accessibility for international investors currently limited to OTC markets.
Q: How does Metaplanet fund its Bitcoin purchases?
A: Through a combination of corporate treasury funds, bond issuances, and other approved financial mechanisms.
👉 Explore corporate Bitcoin adoption trends worldwide
Note: Cointelegraph reached out to Metaplanet for comment but received no immediate response.