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Metaplanet has surpassed 17,000 BTC in Holdings, which strengthens its position as a micro strategy of Asia in the midst of growing institutional importance in Bitcoin.
Despite Bitcoin’s [BTC] Recent $ 119k to $ 114k Since 1 August, the institutional confidence in the asset does not seem to be chess.
At the time of the press, Bitcoin was somewhat traded in the green with a modest profit of 0.61%, according to Mint market cap.
Metaplanet adds more bitcoin
The Tokyo metaplanet has noted fearlessly due to the price correction doubled On his Bitcoin strategy, which adds 463 BTC to his treasury on August 4, 463, whereby his total interests are brought to a stunning 17,595 BTC.
That stock is worth more than ¥ 261.28 billion (around $ 1.78 billion), although the company is wealthy to be closer to $ 2.02 billion based on profits.
This acquisition comes only a few days after the company submitted Plans to collect a maximum of ¥ 555 billion ($ 3.7 billion) by issuing continuous preference shares.
CEO Simon Gerovich even further confirmed that the average purchase price of Metaplanet was $ 101,422.
He too added”
“Our goal is to have multiple tools to attract capital for buying Bitcoin. On a Bitcoin standard, the mission is to continue to grow Bitcoin per share continuously.”
New BTC Titan stands up in Asia
With this recent purchase, Metaplanet climbed to seventh place worldwide among listed companies.
In fact, the Coinbase surpassed and placed the net behind heavy weights such as micro strategy, Marathon Digital (Mara) and Riot as per Bitcointreasuries.net.
Despite the milestone, the shares of Metaplanet, however, took a hit of 6.68%, acting at 992 JPY.
All this followed the recent massive huge BTC purchase of $ 92.93 million, which pushed the 17,000 BTC marking beyond.
Settings are piling more BTC
Fidelity’s Chris Kuiper confirmed The wider trend: more public companies cross the threshold of 1,000+ BTC.
“At the end of Q1 2025 we went from 24 companies to 30 at the end of the second quarter and now have 35 so far in Q3!”
Source: X
What is more?
Trump Media also made the headlines with his Q2 income reportIt revealing that it had collected $ 2 billion in Bitcoin in July, which further intensified the competition between racing of companies to build up substantial crypto treasure boxes.
While these heavyweight movements take place, the competition between companies to secure BTC continues to warm up.