Metaplanet CEO Simon Gerovich announced that a recent Bitcoin purchase brought the company's total holdings to 25,555 BTC. The acquisition cost $2.7 billion at an average price of $106,065 per coin.
This deal elevated Metaplanet to fifth place among the largest publicly traded Bitcoin holders, displacing crypto exchange Bullish. American-based Strategy remains the leader, controlling 638,985 BTC.
Metaplanet is raising funds to expand its cryptocurrency reserves through share issuance. In early September, the company issued 385 million new shares, raising approximately $1.4 billion. All of these funds are being used exclusively for the purchase of the world's first cryptocurrency.
The corporation's management has outlined an ambitious goal: to accumulate 210,000 BTC in assets by 2027, equivalent to approximately 1% of the total supply. To achieve this goal, it plans to raise an additional $5.4 billion through new share issues.
In addition to increasing its investments in digital assets, Metaplanet Holdings also continues to expand its business geography. The company previously announced the creation of subsidiaries in the US and Japan, which will allow it to diversify its operations and strengthen its presence in international markets.
Thus, Metaplanet's strategy demonstrates its commitment to establishing itself as a key corporate player in the crypto market. The company consistently uses equity instruments to accumulate significant amounts of Bitcoin and intends to maintain a high position in the global ranking of digital asset holders.