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Tokyo-based investment firm Metaplanet announced the acquisition of an additional 1,004 Bitcoin 
$105,623, representing an expenditure of approximately $104.3 million. The firm’s total Bitcoin holdings have now reached 7,800 coins. The company’s average acquisition cost for Bitcoin is reported to be around $91,300.
Targeting a 10,000 Bitcoin Goal
Metaplanet aims to accumulate a total of 10,000 Bitcoin by the end of 2025, having made its initial purchase in April 2024. The latest acquisition saw the company paying an average of $103,873 per Bitcoin.
The firm intends for Bitcoin to occupy a significant position in its long-term investment portfolio. Its investment strategy is modeled after other large companies that have adopted similar approaches.
Market Conditions and Financing Approach
Metaplanet’s move comes as Bitcoin trades near record highs, priced around $103,343 at the time of the announcement. The cryptocurrency market has been experiencing a generally positive sentiment in recent weeks.
The company has conducted various bond sales to fund its Bitcoin purchases, most recently issuing $15 million in bonds to raise capital. The current market value of its total Bitcoin holdings is estimated to be slightly over $806 million.
“In line with our long-term goals, we will continue to strengthen our portfolio with Bitcoin acquisitions,” a Metaplanet statement declared.
Market Dynamics and Peer Strategies
Company representatives emphasize that their investment strategies align with those of major financial institutions adopting similar methods. They also acknowledge the high volatility in market prices and the associated risks.
Metaplanet’s actions demonstrate its integration of traditional financing methods with digital assets in its asset management strategy. Other companies are also known to be developing similar strategies under current market conditions. Analysts suggest that price fluctuations in Bitcoin could impact the profitability of such acquisitions.
The company’s acquisitions indicate a long-term investment strategy focused on digital assets, primarily financed through bonds. The overall market situation and price volatility could affect the value of these investments. To balance financial risk and reward, investors following similar strategies are advised to closely monitor both market conditions and the digital asset market.
