Japan-based technology company Metaplanet continues to make Bitcoin purchases! Will it be able to hit its target? Here are the details.

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Japan-based technology and investment company Metaplanet has increased its total Bitcoin holdings to 13,350 BTC by buying an additional 1,005 Bitcoin worth approximately 108 million dollars.

Metaplanet Reaches 13,350 BTC by Buying 1.005 Bitcoin More, Leaving Galaxy Digital and CleanSpark Behind

With this move, the company surpassed giants like Galaxy Digital (12.830 BTC) and CleanSpark (12.502 BTC) in the corporate BTC investment rankings, reaching the position of the world's fifth largest publicly traded Bitcoin holder.

The company's CEO, Simon Gerovich, stated in a press release on Monday that the new Bitcoin purchases were made at an average price of $107,601 and that the total portfolio has a current market value of approximately $1.4 billion.

Gerovich said, "Just three months ago we announced that we reached 3,350 BTC, and now we are at a level of 13,350 BTC by adding another 10,000 BTC to that."

210,000 BTC Target

Metaplanet announced its goal to hold 210,000 BTC by the end of 2027 to the public earlier this month. The company's aggressive strategy shows that institutional investors' interest in Bitcoin continues unabated.

On the same day, Metaplanet announced the issuance of new bonds worth 30 billion yen, approximately 208 million dollars. The bonds will mature on December 29, 2025. A portion of the funds raised will be used for the repurchase and cancellation of previously issued interest-bearing and secured bonds, while the remainder will be used for Bitcoin buy out.

Metaplanet's shares increased by 9.9% in Japan's markets on Monday morning. The company's shares have gained 53.5% in the last month and 370.7% since the beginning of the year.

At the top of the list in terms of corporate BTC assets is still MicroStrategy. The company maintains its leadership by holding a total of 592,345 BTC after purchasing 245 BTC last week.

Metaplanet's latest investment opens the door to a new era in the institutional acceptance of Bitcoin, clearly outlining the company's long-term vision in this area.

*This is not investment advice.

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