Metaplanet, the Japanese company on a Bitcoin-buying spree, made headlines again on Monday in Asia by acquiring 1,111 more BTC. With this latest move, their total holdings now sit at a solid 11,111 BTC, bought at a price of $106,408 per bitcoin. Not bad for a company that's been quietly stacking up its crypto treasure chest.

CEO Simon Gerovich proudly shared that the company’s grand Bitcoin stash cost them a cool $1.07 billion, with an average purchase price of $95,869 per bitcoin. Today, that same stash is worth $1.12 billion, thanks to Bitcoin’s current market price. Not exactly pocket change, but hey, who’s complaining when the numbers are in your favor, right?

Bold New Bitcoin Goals for Metaplanet

This purchase comes just one week after Metaplanet hit its original 2025 goal of 10,000 BTC, making them the ninth largest corporate Bitcoin holder, surpassing even Coinbase. I guess that’s one way to let Coinbase know they’re coming for the top spot.

But wait, there’s more! Earlier this month, Metaplanet revised its goals to aim for a massive 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027. Bold moves, I must say. I can’t help but wonder, do they have a secret plan to take over the world, or is this just really great timing in the crypto market?

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Source: Giphy

While the latest purchase hasn't yet been reflected in Bitcointreasuries.net's data, this 1,111 BTC likely pushes Metaplanet ahead of bitcoin miner Hut 8, which holds 10,273 BTC. At this rate, they’ll be trading places with the big guys soon enough.

Meanwhile, Metaplanet’s stock isn’t exactly soaring on the Tokyo exchange. It’s down 8.20%, sitting at 1,635 yen.

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But hey, it’s still up 393% since the start of the year, so maybe the market’s just taking a breather. You decide if you’d want to bet on this growing crypto giant or wait for the next move.

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