Join Our Telegram channel to stay up to date on breaking news coverage
Metaplanet shares surged 21% after its latest purchase of more Bitcoin coincided with US President Donald Trump’s push for a crypto strategic reserve including BTC and four other top cryptos.
Metaplanet announced the purchase of an additional 156 BTC worth $13.4 million today, sending its stock soaring ¥700 to ¥4,010 as of 1:17 a.m. EST, according to Google Finance data.
Donald Trump yesterday ordered the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a newly planned Crypto Strategic Reserve.
Metaplanet Bought BTC For $85,890 Per Coin
The recently purchased Bitcoin was bought for around $85,890 per coin. With the latest Bitcoin buy, the firm’s holdings now stand at 2,391 BTC, according to a statement released by the company today.
Since April last year, when the investment firm started buying the largest crypto by market cap, Metaplanet has purchased around $196.3 million worth of Bitcoin.
The average purchase price for the company’s BTC buys is $82,100 per coin. With BTC trading at $92,921.60 as of 1:20 a.m. EST following an 8% pump, the firm’s unrealized Bitcoin profit stands at over 13%.
Metaplanet is also currently the 14th largest corporate Bitcoin holder, data from BitcoinTreasuries shows.
Metaplanet Exploring Listing Outside Of Japan
Metaplanet’s BTC purchase today comes after the firm’s CEO, Simon Gerovich, met with officials at the New York Stock Exchange and Nasdaq last week.
Gerovich said in an X post today that he is exploring ways to make Metaplanet shares “more accessible to investors around the world.”
Metaplanet has not yet confirmed if it will list in the US.
先週はニューヨークで非常に実りの多い時間を過ごしました。メタプラネットは、ビットコイン・スタンダードを基盤にした未来の企業として、日々着実に成長を続けています。
先週の主なハイライトは以下のとおりです：
— Simon Gerovich (@gerovich) March 2, 2025
Metaplanet’s shares (MTPLF) launched on the US-based OTC Markets on Nov. 22, 2024, making the company’s stock more accessible to international investors.
Since this launch, MTPLF shares have soared 530%, climbing from $3 to $18.9.
Metaplanet has also been among the best performers on the Tokyo Stock Exchange, with a 1,800% increase during this period.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
