Summary
- Metaplanet has set a long-term goal of holding 1% of Bitcoin’s total supply.
- BitcoinTreasuries.net said Metaplanet plans to buy an additional 169,823 BTC to reach that goal.
- Metaplanet has expanded its strategy of treating Bitcoin as a long-term holding asset and appears set to strengthen a Bitcoin-centered strategy tied to its financial platform business.
Forecast Trend Report by Period
Metaplanet, a Japanese listed company, has set a long-term goal of holding 1% of Bitcoin’s total supply.
BitcoinTreasuries.net wrote on X on June 29 that Metaplanet’s Dylan LeClair said, “Our long-term goal is to accumulate 1% of the Bitcoin network and become a Japan-based full-stack financial platform.”
The website said Metaplanet plans to buy an additional 169,823 BTC to meet that target.
Based on Bitcoin’s total supply cap of 21 million tokens, 1% amounts to 210,000 BTC. That suggests Metaplanet currently holds about 40,177 BTC.
Assuming a Bitcoin price of $60,000, 169,823 BTC would be worth about $10.19 billion. At the day’s exchange rate of 1,543.40 won per dollar, that is equivalent to about $10.19 billion.
Metaplanet is one of Japan’s best-known listed companies pursuing a Bitcoin treasury strategy. The company has expanded its approach of treating Bitcoin as a long-term holding asset and appears set to strengthen a Bitcoin-centered strategy tied to its financial platform business.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.