Japanese investment firm Metaplanet has added more Bitcoin to its growing portfolio while exploring options to make its shares available to global investors. The company continues its aggressive Bitcoin acquisition strategy as part of its mission to lead Japan’s cryptocurrency renaissance.
Metaplanet Acquires Additional Bitcoin Assets
Metaplanet purchased 156 bitcoins on March 3, valued at approximately $13.4 million. The company paid around $85,890 per coin for this latest acquisition. This addition brings Metaplanet’s total Bitcoin holdings to 2,391 BTC.
The Simon Gerovich-led firm has now invested $196.3 million in Bitcoin at an average price of $82,100 per coin. This strategic investment has already yielded a 13% return since Metaplanet launched its Bitcoin strategy in April last year. The company aims to accumulate 21,000 bitcoins by 2026.
CEO Explores Global Listing Options
Metaplanet CEO Simon Gerovich recently met with officials at the New York Stock Exchange and Nasdaq. These meetings focused on introducing Metaplanet’s platforms and functions to US market leaders.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich stated in a March 3 post on social media platform X. However, a US listing remains just one option for the company. Metaplanet has not made a final decision and may explore other international markets.
Current Trading Accessibility
Metaplanet shares have traded on the US-based OTC Markets since November under the ticker “MTPLF”. This listing has already improved accessibility for international investors interested in the company.
OTC Markets provides price and liquidity information for approximately 12,400 over-the-counter securities. Many of these securities represent international companies seeking access to US investors without a full exchange listing.
The company’s OTC shares have performed remarkably well. Since their November 22 launch, MTPLF shares have surged 530%, climbing from $3 to $18.9 per share.
Strong Performance on Tokyo Exchange
On its home turf, Metaplanet ranks among the best performers on the Tokyo Stock Exchange. The company’s shares have skyrocketed 1,800% over the past twelve months, according to Google Finance data.
This exceptional growth reflects investor confidence in Metaplanet’s Bitcoin-focused strategy. The approach has positioned Metaplanet as a leader in the Japanese cryptocurrency investment space during a period of significant Bitcoin price appreciation.
Rising Among Global Corporate Bitcoin Holders
Metaplanet now stands as the 14th largest corporate Bitcoin holder worldwide, according to BitBo’s BitcoinTreasuries.NET data. The company has implemented various financial instruments since April to support its aggressive Bitcoin acquisition strategy.
This position puts Metaplanet in the company of major international corporations that have added Bitcoin to their balance sheets. As institutional adoption continues to grow, Metaplanet’s early commitment to Bitcoin has helped establish it as a significant player in the corporate cryptocurrency space.
Broader Trend of Bitcoin Adoption
Metaplanet’s strategy aligns with a growing trend of institutional Bitcoin adoption. In the United States, Arizona’s Senate recently passed the Strategic Digital Assets Reserve bill. This legislation proposes creating a Digital Assets Strategic Reserve Fund managed by the state treasurer.
Currently, 20 US states are considering similar Bitcoin reserve bills. Only Arizona and Utah have reached the final stages of legislative approval. Several universities have also embraced Bitcoin investments, with the University of Austin launching a $5 million Bitcoin fund.
Emory University set a precedent in this area. Regulatory filings from October revealed that the university invested over $15 million in Bitcoin through Grayscale’s spot Bitcoin exchange-traded fund.
As both corporate and institutional interest in Bitcoin continues to grow, Metaplanet’s ambitious goal of accumulating 21,000 Bitcoin positions it at the forefront of this financial movement.
Written By Fazal Ul Vahab C H
