Metaplanet Purchases Another 1,111 Bitcoins for $1.07 Billion

TL;DR

• Japanese-based Metaplanet has purchased 1,111 bitcoins for $1.07 billion.

• The company has surpassed its 10k target and now intends to hit 30k bitcoins before the end of the year.

Metaplanet Adds 1,111 Bitcoins to Its Balance Sheet

Japan's Metaplanet announced that it has purchased 1,111 bitcoins, bringing its total to 11,111 BTC, at an average price of $106,408 per bitcoin. In their announcement, company CEO Simon Gerovich said the latest acquisition cost Metaplanet $1.07 billion at $95,869 per bitcoin. Based on current market prices, Metaplanet's bitcoin treasury is valued at $1.12 billion.

This latest development comes a week after Metaplanet reached the 10,000 bitcoins target, which was its initial year-end goal for 2025. By hitting the 10k mark, Metaplanet has become the ninth-largest corporate bitcoin holder, surpassing Coinbase.

Metaplanet revised its end-of-the-year goal to accumulate 30,000 bitcoins, 100,000 BTC by 2026, and 210,000 BTC by the year after that. BTC is currently trading at $101,900, down nearly 1% in the last 24 hours.