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🚨 LATEST: Cboe is seeking to launch continuous Bitcoin and Ethereum futures starting November 10.

This time it really hurts, sigh, greed is at work. Need to heal.

Eid Mubarak Everyone

#BTC Metaplanet Inc., the most well-known corporate holder of Bitcoin in Japan, announced another addition to its reserves, acquiring 103 BTC in its latest purchase.
The company has acquired BTC worth approximately $11.7 million at an average price of $113,491 per coin, according to a document submitted on Monday. This brings its total holdings to 18,991 BTC, ranking it among the largest corporate holders of the leading digital asset.
President Simon Gerovich confirmed the expansion, specifying that since the launch of the accumulation strategy in April 2024, the company has invested approximately $1.95 billion at an average entry price of $102,712 per coin.
Climbing in the global ranking
With its latest purchase, Metaplanet ranks seventh among publicly traded companies with the largest Bitcoin reserves, according to data from BitcoinTreasuries. The continuous increase in exposure highlights the company's long-term commitment despite market fluctuations.
Strategic move based on the MicroStrategy model
The aggressive policy resembles the approach previously adopted by MicroStrategy in the USA, where BTC is viewed not only as an asset but also as a key element on the balance sheet. By adding more coins during market fluctuations, Metaplanet aims to strengthen its reserves against inflation and currency risks.
Prospects
Although the Japanese market has traditionally been more cautious about corporate adoption of cryptocurrencies, the dynamics surrounding Metaplanet suggest increasing institutional confidence. If the current pace is maintained, the company could climb even higher in the global ranking of Bitcoin holders.