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Metaplanet Bitcoin Purchase Tops Coinbase, Stock Jumps 17%

Metaplanet’s Bitcoin purchase reached a historic milestone, and also surpassed Coinbase Global’s Bitcoin investment holdings with its latest acquisition. The Tokyo-based company acquired 1,112 BTC for $117.2 million, bringing total holdings to 10,000 BTC and also causing stock to surge 17%. This cryptocurrency market trends development demonstrates growing institutional confidence in Bitcoin price prediction strategies right now.

Also Read: Bitcoin: BTC To $1 Million? Latest Research Predicts the Date

Metaplanet
Source: Metaplanet

The Metaplanet’s Bitcoin purchase was executed at $105,435 per Bitcoin, and this brought their total Bitcoin investment to 10,000 BTC worth $1.06 billion at the time of writing. The $947 million investment generated an unrealized profit of $120 million, showcasing how Bitcoin investment strategies can yield substantial returns.

Bitcoin holders ranking comparisonBitcoin holders ranking comparison
Metaplanet acquisition – Source: Bitcoin Treasuries

Metaplanet’s 10,000 BTC holdings positioned the company ahead of Coinbase Global, which holds 9,267 BTC according to Bitcoin Treasuries data. This Metaplanet Bitcoin purchase represents a significant shift in cryptocurrency market trends, where Coinbase Bitcoin holdings were previously considered a major benchmark.

The company’s stock rallied 9,695% since adopting its Bitcoin treasury strategy, rising from $2 to over $13. This performance outpaced Bitcoin’s 42% gain during the same period, demonstrating the leverage effect of Bitcoin investment approaches.

Metaplanet stock price performance chartMetaplanet stock price performance chart
Source: TradingView

Market Response and Expert Analysis

The market’s response to the Metaplanet’s Bitcoin purchase has been overwhelmingly positive, reflected in the company’s mNAV ratio of 7.56. This indicates investors are willing to pay significant premiums for exposure to Bitcoin investment strategies through equity markets.

VanEck’s Head of Research Matthew Siggel had this to say:

“As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV, continued equity issuance can dilute rather than create value.”

The risk becomes pronounced when mNAV ratios fall below 0.95, and at which point companies should consider pausing their Bitcoin price prediction based strategies.

Also Read: Gold and Bitcoin Rebound Tests 78.6% Fibonacci Retracement Level

This latest Metaplanet Bitcoin purchase establishes new benchmarks for corporate cryptocurrency adoption, proving that well-executed approaches can deliver exceptional returns while positioning companies at the forefront of digital asset innovation and also cryptocurrency market trends evolution.

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