Japan’s Metaplanet Becomes 4th Largest Bitcoin Treasury After $615M Buy

Bitcoin treasury company Metaplanet has announced a fresh purchase that has brought its holdings to fourth place on the BTC corporate ￰0￱ Has Acquired Another 5,268 Bitcoin As revealed by Metaplanet President Simon Gerovich in a new post on X, the Japan-based Bitcoin treasury company has completed a new ￰1￱ all, the company has added 5,268 BTC to its holdings at an average price of $116,870 per BTC or $615.67 million in total with the ￰2￱ buy has arrived just nine days after the firm made its record acquisition of 5,419 ￰3￱ latest purchase has only been slightly smaller than this biggest buy, indicating that the treasury company is currently participating in some rapid ￰4￱ is in contrast to the trend developing in the purchases of Strategy (formerly Microstrategy), the popularizer of the Bitcoin corporate treasury ￰5￱ Michael Saylor’s firm has continued to buy recently, its purchases have been significantly smaller than earlier in the ￰6￱ aggressive buying from Metaplanet has meant that its standing among Bitcoin treasuries has changed, with its holdings now ranking the fourth ￰7￱ is a table from ￰8￱ comparing the top 10 BTC corporate ￰9￱ the latest two massive purchases, Metaplanet was below Bitcoin Standard Treasury Company and Bullish, but now it has leapfrogged both with total holdings of 30,823 ￰10￱ firm acquired its BTC stack for a total cost of $3.33 ￰11￱ the current exchange rate, its value stands at $3.61 billion, implying the company is sitting on an unrealized gain of around 8.4%.

A chart shared by CryptoQuant community analyst Maartunn shows how the profit-loss balance of Metaplanet has changed since adopting a Bitcoin treasury ￰12￱ displayed in the above graph, the recent bearish retrace in Bitcoin has meant that Metaplanet’s holdings have lost some of the gains from during the cryptocurrency’s peak earlier in the ￰13￱ chart posted by the analyst puts into perspective where the company’s break-even line ￰14￱ the moment, Metaplanet’s cost basis sits at $107,912. BTC came close to retesting the level during its recent decline, but its price has since gained a decent gap over it ￰15￱ set out a target of 30,000 BTC for financial year 2025, which it has now exceeded following its latest ￰16￱ to the company, its “ Phase II ” will involve a 2027 target of 210,000 BTC, equivalent to 1% of the cryptocurrency’s total circulating ￰17￱ Price Bitcoin has seen a jump of almost 4% over the last 24 hours that has taken it back to the $117,600 mark.