Japan-based investment firm Metaplanet continues to make significant strides in Bitcoin $101,506 acquisitions. On March 3, the company purchased an additional 156 Bitcoins, bringing its total Bitcoin holdings to 2,391. The latest acquisition was recorded at an average price of $85,890, resulting in a total investment of approximately $13.4 million, showcasing the company’s commitment to its Bitcoin accumulation strategy with a total investment of $196.3 million.
Metaplanet’s Bitcoin Investment Strategy
Since April, Metaplanet has unceasingly pursued its Bitcoin investments. The average cost of its purchases to date stands at $82,100, and the latest acquisitions have resulted in a 13% increase in its investment portfolio. The company aims to reach a total of 21,000 Bitcoins by 2026, positioning itself among the top firms globally in Bitcoin holdings, currently ranking 14th.
Metaplanet’s investments serve as a significant indicator of Bitcoin’s adoption by institutional investors, as the company continues its regular purchasing strategy. The firm is gaining recognition for its commitment while striving to enhance its global Bitcoin portfolio.
Increasing Accessibility of Shares
Metaplanet’s CEO, Simon Gerovich, has announced efforts to make the company’s shares more accessible to international investors. Recently, he held discussions with officials from the New York Stock Exchange and Nasdaq regarding potential listings. Although there is speculation about a listing in the U.S., no definitive decision has been made yet.
Since November, Metaplanet shares, which trade on the OTC Markets platform, have experienced a significant value increase, rising from $3 to $18.90. Furthermore, the company has seen an impressive 1,800% rise on the Tokyo Stock Exchange over the past year, indicating a strong position in the financial markets.
Metaplanet’s Bitcoin investments and growth strategies are closely monitored by the market. As the company works to become more accessible to global investors, it remains dedicated to its Bitcoin accumulation plans.