Metaplanet, today announced its acquisition of an additional 103 Bitcoins for approximately 11.7 million dollars. This purchase was made at an average price of $113,491 per coin, increasing the company’s total Bitcoin 
$82,774 reserve to 18,991 units. The company also revealed that it has been included in the FTSE Japan Index with an upgrade from small to medium scale, as announced during FTSE’s September review.
Details of Metaplanet’s Latest Bitcoin Purchase
Metaplanet’s latest Bitcoin purchase is a significant addition to its ongoing accumulation plan initiated in April 2024. The filing on Monday detailed the acquisition of 103 Bitcoins at an approximate cost of 11.7 million dollars, translating to an average transaction cost of $113,491 per Bitcoin. With this, Metaplanet’s total Bitcoin holdings have reached 18,991 units.
Company President Simon Gerovich shared on X that the company has invested a total of 1.95 billion dollars with an average acquisition cost of $102,712 to build its Bitcoin reserves. This substantial figure underscores the company’s systematic strategy, as they continue to share their data transparently.
According to Bitcointreasuries data, Metaplanet ranks seventh globally among publicly traded companies in terms of Bitcoin reserves.
FTSE Upgrade for Metaplanet’s Shares
In his announcement, Gerovich also shared that they have been included in the FTSE Japan Index and upgraded from small to medium scale. He described this as a significant milestone in their journey to becoming a leading Bitcoin treasury in Japan. Both the index membership and scale upgrade present notable developments concerning institutional investor interest.
Yahoo Finance data shows that Metaplanet’s shares in Japan rose approximately 3.5% by midday while markets were open. Although the shares lost 26.9% in value over the past month, they have delivered a 147.9% return since the beginning of the year.
On the cryptocurrency front, Bitcoin’s price decline remains notable. According to CryptoAppsy’s price page, the largest cryptocurrency was traded at $112,468, marking a 2.11% decrease in the last 24 hours.
