Metaplanet Increases Bitcoin Holdings by 156, Considers Listing Beyond Japan

Metaplanet, a Japan-based investment firm focused on Bitcoin accumulation, has expanded its holdings with the purchase of 156 more BTC, valued at approximately $13.4 million. The acquisition, made at an average price of $85,890 per Bitcoin, brings the company’s total Bitcoin reserves to 2,391 BTC, according to a statement released on March 3.

Led by CEO Simon Gerovich, Metaplanet has now invested $196.3 million in Bitcoin at an average cost of $82,100 per BTC, marking a 13% increase in value since it began its Bitcoin investment strategy in April 2023.

Metaplanet Explores A Global Listing

Alongside its growing Bitcoin reserves, Metaplanet is also considering expanding its market reach. Gerovich recently met with officials at the New York Stock Exchange (NYSE) and Nasdaq to discuss the company’s future, including a potential listing outside of Japan.

“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” said Gerovich. However, he emphasized that a U.S. listing is not guaranteed, and the company is still evaluating its options.

Metaplanet’s stock (MTPLF) has been available on U.S.-based OTC Markets since November, allowing more international investor access. The stock has surged 530%, rising from $3 to $18.90. On the Tokyo Stock Exchange, it has soared 1,800% over the past year, according to Google Finance data.

As the 14th largest corporate Bitcoin holder globally, Metaplanet aims to accumulate 21,000 BTC by 2026, positioning itself at the forefront of Japan’s Bitcoin adoption.

Arizona Senate Advances Bitcoin Reserve Bill

Last week, Arizona’s Senate took a significant step toward adopting Bitcoin as part of its financial strategy, passing the Strategic Digital Assets Reserve bill (SB 1373) on February 27. This legislation, sponsored by Republican Senator Mark Finchem, proposes the creation of a Digital Assets Strategic Reserve Fund, managed by the state treasurer.

Arizona is among 18 U.S. states currently considering Bitcoin reserve bills, but only Arizona and Utah are nearing legislative approval, while proposals in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania have been rejected. The growing interest in state-backed Bitcoin reserves has been fueled by President Donald Trump’s pro-crypto stance.

Notably, universities are also exploring Bitcoin investments. For instance, the University of Austin is launching a $5 million Bitcoin fund as part of its $200 million endowment.

Key Takeaways

Metaplanet expanded its Bitcoin holdings, purchasing 156 more BTC for $13.4 million, bringing its total to 2,391 BTC.
The company is exploring a potential listing outside Japan, with discussions at the NYSE and Nasdaq.
Metaplanet’s stock has surged, rising 530% on OTC Markets and 1,800% on the Tokyo Stock Exchange over the past year.