Metaplanet adds $11.7 million worth of bitcoin, gains mid-cap status on Japan's FTSE
Quick Take The Japanese bitcoin treasury firm disclosed Monday that it bought an additional 103 BTC for $11.7 million. This brought its total holdings to 18,991 BTC.
Metaplanet, a Japanese bitcoin treasury firm, has purchased an additional 103 BTC for roughly $11.7 million, continuing to expand its bitcoin holdings.
The company disclosed Monday that it acquired the latest 103 BTC at an average price of $113,491 per bitcoin, bringing its total holdings to 18,991 BTC.
Metaplanet President Simon Gerovich also wrote on X that the firm has spent $1.95 billion acquiring its overall bitcoin holdings at an average price of $102,712 per bitcoin.
The Japanese firm, which launched its bitcoin accumulation strategy in April 2024, currently ranks seventh globally in public corporate bitcoin reserves, according to Bitcointreasuries data .
Also on Monday, Gerovich said Metaplanet was added to the FTSE Japan Index in the index provider's September review, with the company upgraded from a small-cap to a mid-cap stock. This move marks "another important milestone on our journey as Japan's leading bitcoin treasury company," said Gerovich.
Metaplanet's stock rose about 3.5% around midday Monday in Japan, with the market still open, according to Yahoo Finance data. The stock has fallen 26.9% over the past month but remains up 147.9% year-to-date.
Bitcoin traded down 1.5% in the past 24 hours at $113,148 late Sunday night, according to The Block's bitcoin price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nasdaq-listed company NCT announces strategic acquisition of Starks Network (zCloak), entering the on-chain digital asset infrastructure sector
Intercont (Cayman) Limited has announced the strategic acquisition of Singapore-based Web3 innovator Starks Network Ltd, further strengthening its position in the on-chain digital asset infrastructure sector.

KWT debuts at Shanghai press conference, attracting attention with a new token model anchored to electricity value
KWT co-founder JZ has comprehensively outlined the project's long-term vision: KWT is not a short-term speculative product, but aims to build a "power plant economy underpinned by the intrinsic value of electricity."

The Importance of x402 for Stablecoin Payments
X402+ stablecoins and on-chain crypto infrastructure will gradually and continuously impact the existing payment system. This not only involves the use of stablecoins, but also transfers money, credit, identity, and data into a parallel financial universe.

From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026
We are currently experiencing a "purification" that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.

