Japanese investment firm Metaplanet has added 555 more Bitcoin to its growing treasury, continuing its aggressive accumulation strategy.
The company disclosed on Wednesday that it spent approximately $53.4 million on the purchase, acquiring the BTC at an average price of $96,134.
The latest acquisition brings Metaplanet’s total holdings to 5,555 BTC, valued at roughly $481.5 million.
Metaplanet CEO Celebrates 5,555 Bitcoin Milestone
CEO Simon Gerovich celebrated the milestone with a post on X, referencing the Japanese pronunciation of the number 5 — “Go” — and declaring: “Go go go go — to the moon and beyond!”
The company began its Bitcoin-focused strategy in April 2024 and has set an ambitious target of holding 10,000 BTC by the end of 2025.
With its latest purchase, it has now reached more than halfway toward that goal.
To fund its ongoing BTC buys, Metaplanet also announced the issuance of another $25 million in ordinary bonds.
This marks the firm’s 13th bond issuance, following a similar $25 million raise just a week ago.
In parallel with its crypto strategy, Metaplanet is expanding internationally.
Last week, it revealed plans to launch a wholly owned U.S. subsidiary in Miami, Florida—an emerging hub for Bitcoin companies and fintech innovation.
The new entity, Metaplanet Treasury Corp., will serve as a key vehicle for its U.S. operations.
According to Bitcointreasuries.net, Metaplanet is currently the largest public corporate Bitcoin holder in Asia and ranks 11th globally.
Michael Saylor’s MicroStrategy remains the global leader with 555,450 BTC.
Shares of Metaplanet rose 13.3% on Wednesday following the news, as afternoon trading continued on the Tokyo Stock Exchange.
Public Companies Show Continued Interest in Bitcoin
Just recently, Michael Saylor’s firm, Strategy, announced it is doubling its capital raising plan to $84 billion in an aggressive push to acquire more Bitcoin.
The Virginia-based company disclosed Thursday that it has filed to sell an additional $21 billion in common shares after depleting a previous program of the same size authorized in October.
It also doubled its debt issuance target from $21 billion to $42 billion, leaving $14.6 billion remaining under its current authorization.
In the first quarter of the year, publicly traded companies increased their Bitcoin holdings by 16.1%, signaling continued institutional interest in the leading cryptocurrency despite market volatility.
However, despite public companies’ interest in the leading cryptocurrency, the US government has shown a lack of interest in purchasing Bitcoin.
The United States is unlikely to significantly increase its Bitcoin holdings, said BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors.
In a recent interview, Hayes cast doubt on the idea that the U.S. would proactively build a “strategic Bitcoin reserve,” beyond the nearly 200,000 BTC already in its possession.
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