Metaplanet’s $93 million Bitcoin purchase at an average $120,000 per BTC boosts its holdings to 18,888 BTC, reinforcing Japan’s largest corporate Bitcoin treasury strategy.
Metaplanet Inc. has purchased an additional 775 Bitcoin for $93 million (¥13.733 billion), raising its total holdings to 18,888 BTC. The acquisition, executed at an average price of $120,000 (¥17,720,023) per coin, lifts the company’s aggregate cost basis to $1.94 billion (¥284.097 billion) and average purchase price to $102,000 (¥15,041,118) per BTC. This move comes amid a recent pullback in Bitcoin’s price to around $115,192 after reaching an all-time high near $122,882. The Tokyo-listed firm, formerly a budget hotel operator under the name Red Planet Japan, has pivoted to a Bitcoin-focused treasury strategy, including plans to raise $3.7 billion through a stock offering to expand its BTC reserves. Analysts highlight potential benefits such as a hedge against fiat currencies, while warning of risks from volatility and equity dilution.