Japanese investment company Metaplanet is continuing to buy bitcoin.
Simon Gerovich, CEO of Metaplanet reported that the company now owns 3 350 BTC. These were bought for approximately $278.8 Million. The firm’s crypto assets, at current market values, are worth $291.3 Million.
This purchase follows Eric Trump’s appointment to the Strategic Board of Directors of the company on March 21, 2017.
Gerowitz said that Herowitz “business expertise” and “passion for BTC”, Eric Trump, will assist the company in realizing its mission of creating “one the world’s largest bitcoin treasury firms.”
Plans with Ambitious Goals
Since April 2024 when Metaplanet announced its bitcoin acquisition strategy, the company has consistently increased their investment. They aim to collect 10000 BTC before the end 2025, and 21000 BTC before the end 2026.
According to Bitcointreasuries.net, the Japanese firm is currently ranked 10th among publicly traded corporate bitcoin holders globally and first in Asia. Michael Saylor, who holds nearly 500000 BTC in his account at Strategy, is the leader of this ranking.
At the time this article was written, Metaplanet’s shares had risen 4.8% in the Japanese stock exchange afternoon session. Google Finance shows the share price of Metaplanet has increased by 38.7% in the past year.
Metaplanet’s decision to increase its bitcoin investment and engage Eric Trump demonstrates that cryptocurrency is becoming a more reliable asset. It is becoming increasingly hard to ignore the fact that corporate investments are now firmly based on digital assets.
