Metaplanet buys $632 million in bitcoin, largest BTC acquisition to date

Japanese bitcoin treasury firm Metaplanet announced Monday that it acquired 5,419 BTC for roughly $632.5 million, which marks the company's largest bitcoin acquisition to date.

In a Monday  post on X, Metaplanet CEO Simon Gerovich said that the latest purchase was made at an average price of about $116,724 per bitcoin. 

With the latest acquisition, the company's total holdings reached 25,555 BTC, acquired for approximately $2.71 billion at an average price of $106,065 per bitcoin.

According to The Block's data dashboard , Metaplanet's latest purchase likely positions the company as the fifth-largest public corporate holder of bitcoin, ahead of Bullish and behind Strategy, Mara, XXI and Bitcoin Standard Treasury Company. Michael Saylor's Strategy remains the largest with 638,985 BTC.

Earlier this month, Metaplanet announced that it will raise $1.4 billion by issuing 385 million new shares, with the proceeds earmarked for bitcoin purchases. Last week, its board approved a new U.S. subsidiary Metaplanet Income Corp. , to scale a growing “bitcoin income generation” line focused on derivatives and related activities.

Metaplanet's stock dropped 0.5% around midday Monday in Japan, according to Yahoo Finance data , with the market still open. The stock has fallen 27.5% over the past month but remains up 73.85% year-to-date. Meanwhile, its U.S.-traded shares closed up 3.81% at $4.09 on Friday, according to The Block's data .

Bitcoin slipped 1.06% in the past 24 hours to trade at $114,449 as of 11:26 p.m. ET Sunday, according to The Block's bitcoin price page .