Metaplanet Acquires 1,234 More Bitcoin for $133 Million Amid Treasury Expansion

News
Reading Time: < 1 minute

Japanese investment firm Metaplanet has purchased an additional 1,234 bitcoin (BTC) for approximately $132.7 million, just one day after securing $515 million in funding to bolster its bitcoin treasury strategy.

In a Thursday disclosure, the Tokyo-listed company revealed that the latest acquisition—priced at around $107,557 per BTC—brings its total holdings to 12,345 BTC, valued at roughly $1.3 billion at current market prices.

According to bitcointreasuries.net (which has not yet updated Metaplanet’s latest purchase), the firm is now the seventh-largest public corporate holder of bitcoin, surpassing Tesla’s 11,509 BTC.

The move follows Metaplanet’s Wednesday announcement of a 74.9 billion yen ($515 million) capital raise via stock issuance. This funding is part of the company’s ambitious “555 million plan,” which aims to accumulate 1% of bitcoin’s total supply.