Sonny S. Watts YEREVAN (CoinChapter.com) — Metaplanet purchased 156 Bitcoin on March 3, spending approximately $13.4 million at an average price of $85,890 per BTC. This increased the firm’s total Bitcoin holdings to 2,391 BTC, according to its statement.
The company, led by Simon Gerovich, has now invested $196.3 million in Bitcoin since it adopted its Bitcoin strategy in April 2023. The average purchase price stands at $82,100 per Bitcoin, and its total holdings have gained 13% in value since the first purchase.
Metaplanet Explores US Listing Options
Gerovich recently met with executives from the New York Stock Exchange (NYSE) and Nasdaq. The company discussed its operations and potential ways to make Metaplanet shares more accessible.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,”
Gerovich posted on X on March 3.
A US listing is under evaluation, but no official decision has been made.
Metaplanet Shares Rise After OTC Markets Listing
Metaplanet’s stock, MTPLF, has been trading on OTC Markets since November 2023, allowing more investors to access its shares.
OTC Markets is a financial platform in the United States that provides pricing and liquidity data for around 12,400 securities. Since listing, MTPLF shares have climbed 530%, rising from $3 to $18.9.
On the Tokyo Stock Exchange, Metaplanet has been one of the top-performing stocks over the past 12 months, gaining 1,800%, according to Google Finance.
Metaplanet’s Bitcoin Strategy Targets 21,000 BTC
According to BitBo’s BitcoinTreasuries.NET, Metaplanet is the 14th largest corporate Bitcoin holder worldwide. The firm has used various financial instruments to support its Bitcoin strategy.
The company aims to accumulate 21,000 Bitcoin by 2026 as part of its long-term plan to expand its Bitcoin reserves.
Metaplanet has been among the top-performing stocks on the Tokyo Stock Exchange over the past 12 months, surging 1,800%, according to Google Finance data.
Metaplanet Keeps Quiet on US Listing Plans
Despite growing interest in a US listing, Metaplanet has not made any official announcement regarding its plans.
With its Bitcoin holdings increasing and stock gaining momentum, Metaplanet continues to develop its strategy but has not confirmed if or when it will pursue a US listing.
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