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Metaplanet's Bold Bitcoin Acquisition Spree
Japanese investment firm Metaplanet has surged into the spotlight after acquiring an additional 1,088 Bitcoin (BTC), worth approximately $117 million. This significant purchase lifts Metaplanet's total Bitcoin holdings to an impressive 8,888 BTC, positioning the company as the tenth largest Bitcoin holder among publicly traded corporations worldwide.
Strategic Goal: 10,000 Bitcoin by 2025
Metaplanet has made its ambitions clear, aiming to accumulate 10,000 Bitcoin by the end of 2025. With its most recent acquisition, the company has already completed about 88.88% of this target, demonstrating both commitment and strategic foresight in the rapidly evolving digital asset landscape.
Investment Yields and Market Impact
The latest purchase was executed at an average price of $107,771 per Bitcoin, while the overall average acquisition cost for Metaplanet stands at $93,354 per BTC. Currently, the total value of its Bitcoin reserves is estimated at $933 million, resulting in an unrealized profit of $102 million. This rapid growth has propelled Metaplanet ahead of Block, which holds 8,584 BTC, highlighting the firm's swift ascent since it entered the Bitcoin market in April 2024. In just a short time, Metaplanet has surpassed several long-established competitors, capturing global attention in the crypto investment community.
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