Metaplanet acquires 4,279 BTC, lifts total holdings to 35,102 BTC

Metaplanet, a Tokyo-listed investment company focused on bitcoin treasury management, acquired an additional 4,279 BTC during the fourth quarter for $451 million, averaging $105,412 per coin. This purchase increased its total holdings to 35,102 BTC, making it the fourth largest holder among publicly traded companies. The company has a long-term goal of accumulating 210,000 BTC by the end of 2027. Metaplanet has spent approximately $3.78 billion in total, with an average purchase price of $107,607. Furthermore, the company operates a bitcoin income generation business utilizing derivatives, which it expects to generate about $55 million in revenue for the full fiscal year 2024. Despite these strategic moves, Metaplanet's shares are down 80% from their June all-time high.

(Source：CoinDesk)