Metaplanet, under the direction of CEO Simon Gerovich, has spent $196.3 million in Bitcoin overall with an average buying price of $82,101 per BTC. Using this approach in April last year has strengthened the company’s faith in the digital asset, as its value has increased by 13%.
Apart from raising its Bitcoin reserves, Metaplanet is actively investigating strategies to draw worldwide investors. Gerowicz lately visited Nasdaq and the New York Stock Exchange (NYSE) to explore possible foreign listing prospects. Even though a U.S. listing is under review, Gerowicz has not made a final decision.
Since November, U.S.-based OTC Markets have offered Metaplanet’s stock (MTPLF), simplifying access for foreign investors. From $3 to $18.90, the stock has surged 530% since its debut. Moreover, rising by a wonderful 1,800%, it has been among the best-performing companies on the Tokyo Stock Exchange during the past year.
Metaplanet, the 14th biggest corporate Bitcoin owner in the world, has ambitious targets of acquiring 21,000 BTC by 2026. This long-term plan underlines the company’s will to embrace Bitcoin and confirms its main influence in the market of digital assets.
