- Metaplanet surpasses Riot Platforms as sixth-largest Bitcoin holder.
- Acquired additional 1,009 BTC worth $112 million.
- Aims for 210,000 BTC by 2027; markets see Bitcoin surge.
Metaplanet has amassed 20,000 BTC, surpassing Riot Platforms to become the sixth-largest global corporate bitcoin holder, as announced at a recent Tokyo meeting.
This strategic shift positions Metaplanet as a significant player in corporate bitcoin holdings, influencing market dynamics and revealing institutional interest in cryptocurrency.
Metaplanet has officially increased its bitcoin holdings to 20,000 BTC, overtaking Riot Platforms to become the world’s sixth-largest corporate Bitcoin holder. This strategic acquisition was confirmed by the company’s leadership in recent disclosures. Simon Gerovich, Metaplanet’s President, emphasized,
“Metaplanet has acquired approximately 0.1% of the total supply of bitcoin, far surpassing its initial goal of acquiring 10,000 bitcoin.”By acquiring an additional 1,009 BTC, valued at approximately $112 million, Metaplanet now stands as Asia’s largest public bitcoin treasury.
The recent Bitcoin purchase was facilitated through a combination of operating income and capital market activities. Institutional investor Evo Fund played a critical role, acquiring 11.5 million new shares for about $65.7 million, which contributed to both bitcoin accumulation and early redemption of bonds. As a result, Metaplanet now holds over $2.1 billion in Bitcoin. Riot Platforms, previously holding 19,239 BTC, now moves to the seventh position in corporate Bitcoin rankings.
The market impact of Metaplanet’s acquisition reverberates beyond just figures. As the company holds a significant portion of Bitcoin, it bolsters the cryptocurrency’s perception as a viable corporate asset. Analysts note the move as part of a broader trend of corporations adopting Bitcoin as a hedge against inflation. Historical parallels are drawn with MicroStrategy’s similar treasury transformations, suggesting a continued increase in Bitcoin adoption among global enterprises.
