Crypto News

Metaplanet Stock Soars as Bitcoin Holdings Surpass Galaxy Digital and CleanSpark

Metaplanet Inc. announced on Monday that it had acquired 1,005 BTC, raising its total Bitcoin holdings to 13,350 BTC. The purchase, valued at approximately $108.1 million, was executed at an average price of $107,601 per bitcoin. This transaction places the Tokyo-listed company ahead of Galaxy Digital and CleanSpark in corporate Bitcoin holdings.

According to BitcoinTreasuries.net, now ranks fifth among publicly listed corporate holders of Bitcoin. The firm’s CEO, Simon Gerovich, stated on social media that the company held just 3,350 BTC three months ago. Since then, it has accelerated its Bitcoin strategy by acquiring an additional 10,000 BTC. With the current value of Bitcoin hovering near $108,500, Metaplanet’s holdings are worth around $1.4 billion.

According to the website, earlier this month, the firm established a new long-term goal of acquiring more than 210,000 BTC by the end of 2027. The company has been expanding its crypto treasury with frequent purchases in line with its stated treasury strategy.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button