Metaplanet buys 1,004 bitcoins to hit the second largest transaction record in history

Author: Martin Young, CoinTelegraph; Compilation: Baishui, Golden Finance

Japanese investment company Metaplanet completed its second largest single Bitcoin acquisition in its history, buying more than 1,000 Bitcoins, and the price of the Bitcoin is only 3% away from its historical high.

Metaplanet said on May 19 that it purchased 1,004 bitcoins for a total cost of about 15.2 billion yen ($104.6 million), bringing its total holdings to 7,800 bitcoins, which is worth approximately $807 million at current market prices.

This is the company's second largest single acquisition after buying 1,241 bitcoins for $129 million on May 12, a move that has pushed its Bitcoin holdings to surpass El Salvador.

According to BiTBO, Metaplanet is the largest listed company in Asia and the world 's tenth largest listed company in Bitcoin.

The company reported a 95.6% yield in the first quarter and a 47.8% yield in the second quarter. This yield measures the change in the percentage of Bitcoin holdings after a full dilution per share.

If Metaplanet buys another 301 bitcoins, it will surpass Galaxy Digital Holdings, which holds 8,100 bitcoins, ranking ninth.

Metaplanet Bitcoin Purchase Disclosure. Source: Metaplanet

Michael Saylor's strategy remains a clear lead in terms of corporate BTC holdings, holding 568,840 bitcoins, worth approximately $59 billion.

Metaplanet has been more active in overcharging Bitcoin in recent months, with 2,800 bitcoins so far in May. In April, the company purchased 4 bitcoins, totaling 794 pieces; in March, 6 pieces, totaling 1,655 pieces.

Saylor suggests to buy again

Meanwhile, Michael Saylor posted a screenshot of the Saylor tracker, which tracks the company's Bitcoin portfolio, on X on Monday, hinting that he will buy Bitcoin again.

“Never short someone who buys orange ink in a bucket,” Saylor said.

According to Bitcoin investment firm River, Strategy leads the company, with Bitcoin holdings increasing by 77% so far this year.

On May 12, River researchers revealed that businesses are by far the largest net buyer of Bitcoin this year, surpassing exchange-traded funds (ETFs), governments and even retail investors.