Metaplanet Acquires 136 BTC, Expands Bitcoin Holdings
- Metaplanet buys 136 BTC, led by Simon Gerovich.
- BTC holdings now exceed 20,000 coins.
- Aims to reach 210,000 BTC by 2027.
Metaplanet, led by CEO Simon Gerovich, acquired 136 BTC worth $15.2M in a significant bid to expand its Bitcoin holdings to over 20,000 BTC.
This acquisition highlights Metaplanet’s strategic move to solidify its position as a leading Bitcoin holder, potentially influencing broader corporate treasury practices globally.
Metaplanet, under CEO Simon Gerovich, has purchased 136 BTC for $15.2 million, boosting its holdings to over 20,000 BTC.
The acquisition positions Metaplanet as the 6th largest BTC holder, with ambitious plans to secure 210,000 BTC by 2027.
Metaplanet Now Holds Over 20,000 BTC
Metaplanet, driven by Simon Gerovich, acquired 136 BTC worth $15.2 million, elevating its total holdings to approximately 20,136 BTC as part of a broader strategy.
Under Gerovich, Metaplanet transitioned from hospitality to a Bitcoin-focused treasury firm, aiming for 210,000 BTC by 2027. Simon Gerovich, President & CEO, Metaplanet, stated, “Our recent acquisition of 136 BTC for $15.2M is just the beginning of our aggressive strategy to become a top corporate holder of Bitcoin.”
Top Six BTC Holders: Metaplanet’s New Status
The acquisition places Metaplanet among the top six public BTC holders, notably enhancing its influence in the cryptocurrency space, particularly in Asia.
The company’s strategy is creating a model for treasure utilization, potentially impacting global BTC supply dynamics as they achieve new financial milestones.
Corporate Adoption: Metaplanet’s Strategic Shift
Metaplanet’s approach parallels Strategy’s earlier BTC accumulation, highlighting a growing trend of corporate adoption of BTC as a reserve asset.
Experts anticipate increased market interest in BTC as a reserve asset, influenced by Metaplanet’s moves and historical trends observed with similar firms.
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