Metaplanet Doubles Down on Bitcoin Bet—Now Holds Over 8,000 BTC in $5.4B Shopping Spree

Another day, another corporate treasury diving headfirst into crypto—this time with Tokyo-listed Metaplanet aggressively stacking Bitcoin like it's going out of style. The firm's holdings just blew past 8,000 BTC, fueled by a $5.4 billion buying frenzy that'd make even Michael Saylor raise an eyebrow.

Who needs balanced portfolios when you can YOLO into digital gold, right? Meanwhile, traditional finance analysts are still trying to figure out if Bitcoin is a currency, an asset, or an elaborate meme. Stay tuned for the next episode of 'Corporate Treasuries Gone Wild.'

Metaplanet Continues to Bet Big on Bitcoin

In April of this year, Metaplanet continued its ascension in the cryptocurrency market as it became a top 10 Bitcoin holder in the entire world. The development was connected to its ongoing commitment to the asset class and its integration into its treasury operations.

Those efforts continued in a big way this week. Indeed, Metaplanet has continued its $5.4 billion bitcoin buying plan as the company’s holdings have officially passed the 8,000 BTC mark. Specifically, its most recent acquisition saw it add $117.5 million worth of Bitcoin to its overall stash.

The total Bitcoins under ownership of the company is closing in on the 9,000 mark. Moreover, it has become one of the largest public corporate holders of the leading crypto on the planet. Alternatively, the integration of the new plan follows its previous BTC acquisition strategy that saw it raise $650 million in just 60 trading days.

Through the issuance of 210 million split-adjusted shares, Metaplanet acquired a plethora of BTC. Specifically, its holdings jumped from 1,762 BTC to 7,800 BTC, with a 189% BTC yield jump. Their continued commitment ensures that the ongoing acquisition plan shouldn’t slow down anytime soon.