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Metaplanet’s Bitcoin acquisition continues to make headlines as the Japanese firm expands its crypto treasury aggressively.
The company recently acquired 2,204 more BTC for approximately $237 million. This purchase occurred at an average price of 15,640,253 Japanese yen per Bitcoin, equivalent to about $107,700. With this move, Metaplanet’s total holdings now stand at an impressive 15,555 BTC.
This places Metaplanet among the top corporate holders of Bitcoin. According to data from BitcoinTreasuries.NET, it now ranks fifth globally. This rise in rankings came after surpassing Tesla in late June. Tesla holds 11,509 BTC, while Metaplanet reached 12,345 BTC following an earlier 1,234 BTC acquisition. The pace at which Metaplanet’s Bitcoin acquisition continues to grow showcases a bold strategy in the corporate treasury space.
Corporate crypto race intensifies
Another strategic move came on June 30, when Metaplanet bought an additional 1,005 BTC for $108 million. This purchase pushed it ahead of Bitcoin miner CleanSpark, which holds 12,502 BTC. Metaplanet’s aggressive buying positions it as a serious contender among corporate giants exploring Bitcoin as a financial hedge.
These acquisitions are part of a broader trend. Strategy, the leading corporate Bitcoin holder, acquired another 4,980 BTC worth $531.1 million on June 30. This brought its total to a staggering 597,325 BTC, worth over $42 billion. Other companies like ProCap and Semler Scientific are also joining the race. ProCap recently bought 3,724 BTC for $386 million. Meanwhile, Semler Scientific announced plans to grow its holdings from 3,808 BTC to a staggering 105,000 BTC.
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Metaplanet’s Bitcoin acquisition continues despite market doubts
Not everyone is confident in this strategy. Analysts like James Check from Glassnode have raised concerns. He warned that new entrants might already be too late to benefit. “For many new entrants, it could already be over,” Check said. He stressed that investors favor early movers and aren’t excited by being the “50th Treasury company.”
A June report from venture firm Breed echoed this sentiment. It warned that only a few treasury firms will survive and avoid a “death spiral.” Despite these concerns, Metaplanet’s Bitcoin acquisition continues to accelerate. This shows a strong commitment to digital assets even amid market uncertainties.
Metaplanet’s Bitcoin strategy signals long-term belief
Metaplanet’s continued acquisition of Bitcoin reflects a strategic belief in cryptocurrency as a treasury asset. As corporate interest in Bitcoin remains strong, all eyes are now on whether Metaplanet’s approach will yield long-term rewards. The crypto race is heating up, and Metaplanet is leading from the front.
