Key Notes

Key Notes:

Metaplanet now holds 2,100 BTC, reaching 10% of its 2026 target.The firm raised $20 million in equity capital and 4 billion yen in bonds.

Metaplanet is firing on all cylinders in its quest to achieve an ambitious target that it previously set for itself to accumulate Bitcoin BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B . Moments ago, the firm, also known as Japan’s MicroStrategy, revealed its latest purchase of 269.43 BTC. Shortly after, it also added 68.59 BTC, bought at a price of $96,335 per one coin.

With these new additions, Metaplanet’s total Bitcoin holding now stands at 2,100 BTC, acquired at a total cost of $169.9 million. This means that, overall, each BTC in its reserve has an average price of $80,905.

Interestingly, Metaplanet began its Bitcoin strategy just last April. At the time, the company said its target was to multiply its BTC holdings by 10 folds over the next two years. From its current speed of accumulations, it appears that Metaplanet might be well on track to achieve its target.

In less than 10 months, the company has more than doubled its holdings and has now acquired 10% of its target. The company also has 0.01% of the total BTC supply in its possession. These remarkable feats not only show their commitment to its 2026 goal but also show its conviction in Bitcoin as the world’s only true inflation hedge.

Company CEO Simon Gerovich had something to say on this development. He reiterated that the company remains focused on the target and that maximizing long-term shareholder value remains one of Metaplanet’s priorities. Gerovich’s statement reads in part:

“This milestone is just one step in our long-term plan to reach 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.”

For what it might be worth, Metaplanet appears to have all the necessary strategies in place that it needs to achieve its goal.

First, the firm recently made $20 million in equity capital. According to Dylan LeClair who shared the update, this amount was made in the first two trading days of Metaplanet’s “21M Plan”. An announcement earlier in the week also confirmed that the firm raised another 4 billion Japanese Yen through 0% unsecured bonds.

So far, it is so good for Metaplanet as its BTC holdings have yielded an impressive 18% year-to-date (YTD) return this year.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He’s a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa’s fancied distractions include soccer or discussing world politics.

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