Japanese MicroStrategy, MetaPlanet, has just acquired another 1,111 BTC worth $117.65M, bringing their total holdings to 11,111 BTC or $1.164B worth. This week, MetaPlanet’s purchase surprisingly surpassed that of Michael Saylor’s Strategy, which only bought 245 BTC over the last week. The recent purchase also sees MetaPlanet inching closer to other large institutional holders of Bitcoin, including Tesla at 11,509 BTC, and the Royal Government of Bhutan at 11,950 BTC. At the current rate of acquisition, they are likely to surpass both of these entities with their next wave of purchases.
MetaPlanet has recently announced plans to amass a significant amount of BTC, targeting 210K BTC or 1% of the total token supply, by 2027. This announcement comes alongside their massive $5.4B raise via moving-strike warrants to acquire additional BTC over the coming years.
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