Japanese investment firm Metaplanet has strengthened its Bitcoin position yet again, purchasing 156 BTC on March 3 for approximately $13.4 million. The company paid an average price of $85,890 per Bitcoin, bringing its total holdings to 2,391 BTC, according to a recent statement. Under the leadership of CEO Simon Gerovich, Metaplanet has been aggressively stacking Bitcoin as part of its long-term investment strategy. Since adopting its Bitcoin-focused approach in April last year, the firm has spent $196.3 million on BTC, with an average purchase price of $82,100 per coin. This strategic accumulation has already yielded a 13% gain as Bitcoin continues to surge in value. 156 More Bitcoin Added to Treasury Beyond its latest purchase, Metaplanet is setting its sights on expanding its market reach. Gerovich recently visited the New York Stock Exchange and Nasdaq, exploring options to make Metaplanet’s shares more accessible to international investors. “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich stated in a March 3 X post. While a U.S. listing remains uncertain, Metaplanet shares have been trading on OTC Markets since November, already offering global investors easier access to its stock. Stock Performance Surges Amid Bitcoin Accumulation Metaplanet’s bullish Bitcoin strategy has coincided with an explosive rise in its stock price. Shares of MTPLF, which trade on OTC Markets, have skyrocketed 530% since November 22, climbing from $3 to $18.9. Meanwhile, on the Tokyo Stock Exchange, Metaplanet’s stock has surged 1,800% over the last 12 months, according to Google Finance data. Currently, Metaplanet ranks as the 14th largest corporate Bitcoin holder in the world, based on data from BitBo’s BitcoinTreasuries.NET. The company’s long-term goal is ambitious— Metaplanet aims to accumulate 21,000 BTC by 2026 , solidifying its position as a leader in Japan’s growing Bitcoin adoption movement. To achieve this, the firm has been utilizing a range of financial instruments to optimize its Bitcoin acquisitions. As Bitcoin continues gaining mainstream acceptance, Metaplanet’s strategy could serve as a blueprint for other corporations looking to integrate the digital asset into their balance sheets. The post Metaplanet Expands Bitcoin Holdings as CEO Eyes Global Listing appeared first on TheCoinrise.com .
