Share this article
Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
The investment firm now owns 141 BTC, worth about $9.4 million.
Updated Oct 7, 2024, 8:55 a.m. Published Jun 11, 2024, 2:31 p.m.
- Metplanet bought an additional $1.6 million worth of bitcoin, bringing its total holdings up to $9.4 million.
- Metaplanets stock jumped by 10% following the disclosure on Tuesday.
Japanese investment firm Metaplanet disclosed an additional bitcoin purchase, worth 250 million yen ($1.6 million), taking its holdings of the largest cryptocurrency to 141 BTC, a value of about $9.4 million.
Metaplanet stock rose by 9.9% Tuesday after it made the purchase, its third since April 2024, public.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Last month, the company said it made bitcoin a reserve asset to reduce its exposure to risk arising from Japan's debt burden and the resulting volatility in the yen. In 2023, the government's net debt to gross domestic product ratio was the highest in the G7, about 159%, according to data on Statista. Canada had the lowest ratio, just 15%.
Metaplanet's bitcoin strategy mirrors that of Tysons Corner, Virginia-based software developer MicroStrategy (MSTR), which has accumulated 214,400 BTC worth $14.3 billion since it started purchasing the asset in 2020 and is the largest corporate owner of the token.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Interactive Brokers Now Accepts Stablecoins in a Bid to Remain Competitive
The firm has begun offering stablecoin account funding for U.S. retail clients, joining a growing list of brokerages racing to keep pace with crypto-native rivals.
Top Stories
