Metaplanet adds $11.7 million worth of bitcoin, gains mid-cap status on Japan's FTSE
Quick Take
- The Japanese bitcoin treasury firm disclosed Monday that it bought an additional 103 BTC for $11.7 million.
- This brought its total holdings to 18,991 BTC.
Metaplanet, a Japanese bitcoin treasury firm, has purchased an additional 103 BTC for roughly $11.7 million, continuing to expand its bitcoin holdings.
The company disclosed Monday that it acquired the latest 103 BTC at an average price of $113,491 per bitcoin, bringing its total holdings to 18,991 BTC.
Metaplanet President Simon Gerovich also wrote on X that the firm has spent $1.95 billion acquiring its overall bitcoin holdings at an average price of $102,712 per bitcoin.
The Japanese firm, which launched its bitcoin accumulation strategy in April 2024, currently ranks seventh globally in public corporate bitcoin reserves, according to Bitcointreasuries data.
Also on Monday, Gerovich said Metaplanet was added to the FTSE Japan Index in the index provider's September review, with the company upgraded from a small-cap to a mid-cap stock. This move marks "another important milestone on our journey as Japan's leading bitcoin treasury company," said Gerovich.
Metaplanet's stock rose about 3.5% around midday Monday in Japan, with the market still open, according to Yahoo Finance data. The stock has fallen 26.9% over the past month but remains up 147.9% year-to-date.
Bitcoin traded down 1.5% in the past 24 hours at $113,148 late Sunday night, according to The Block's bitcoin price page.
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