Metaplanet has cemented its position as one of the world’s largest company holders of Bitcoin and surpassed the 30,000 BTC marking after a series of aggressive purchases.
On October 1, the Tokyo -based company unveiled That the 5,268 BTC had added to its balance at an average price of $ 116,870, which spends around $ 616 million. The transaction came less than 2 weeks after the late September takeover of 5,419 BTC, the largest buy.
Together, the back-to-back movements pushed the total importance from metaplanet to 30,823 BTC, collected for an average cost of $ 107,912.
The newest count represents a dramatic expansion of the initial vision of the company, which started with a target of 10,000 BTC and later grew to 30,000.
With the milestone already surpassed, Metaplanet is now above Bitcoin Standard Treasury in the ranking and keeps the fourth largest business stock Bitcoin worldwide.
Doubles income prediction
The aggressive treasury building of metaplanet is matched by growth on the turnover side.
The company reported that his Bitcoin income unit istry ¥ 2.44 billion (~ $ 16.5 million) yielded in the turnover of Q3, an increase of 115.7% compared to the previous quarter.
At the moment, management doubled its income prediction for the entire year of ¥ 3.4 billion (~ $ 23 million) to ¥ 6.8 billion (~ $ 46 million). Operational profit projections were also revised upstairs of ¥ 2.5 billion (~ $ 17 million) to ¥ 4.7 billion (~ $ 32 million), which marked an increase of 88% compared to earlier estimates.
Metaplanet -President Simon Gerovich said:
“Q3 results show operational scalability and strengthen the financial basis for our planned Metaplanet preference issue, which supports our wider Bitcoin treasury strategy.”
Institutional interest rates rise
In the meantime, the aggressive accumulation and strong financial performance of the company have also attracted the attention of global asset managers.
Last week, gerovich unveiled That Capital Group, an American company that supervised $ 2.6 trillion in assets, became the largest shareholder of Meaplanet, who caught up with national financial services.
According to Gerovich, the company owns 11.45% of the metaplanet shares, which is valued at around $ 500 million.
Other top 20 investors in Metaplanet are large American financial institutions, such as Vanguard, JPMorgan, Citigroup, State Street and others.
These investments show that the positioning of metaplanet as a central player in Bitcoin’s Corporate Adoption Wave attracts considerable interest from institutional investors.
