Metaplanet is moving forward for 210,000 Bitcoin.

Metaplanet, a Japan-based company and one of the largest publicly accessible holders of Bitcoin (BTC), has demonstrated its determination to continue its cryptocurrency accumulation strategy despite the sharp decline in stock prices and fluctuations in Bitcoin prices. The CEO of the company, Simon Gerovich, emphasized through social media posts that the Bitcoin accumulation strategies would continue and announced that they are preparing for the next stage of growth.

Metaplanet stands out by not taking a step back against the negative atmosphere observed in the current market conditions. The company aims to own 100,000 Bitcoins by the end of 2026 with its ambitious roadmap dubbed the "555 Million Plan," and a total of 210,000 Bitcoins by 2027. Currently, Metaplanet holds approximately $2.5 billion worth of 35,102 Bitcoins, but having an average acquisition cost of $107,000 indicates that the company's investments are in the red under the current market conditions.

Among the world's largest Bitcoin holders, Metaplanet ranks fourth. Looking at this list, MicroStrategy is in first place with 713,502 Bitcoins, followed by MARA Holdings and Twenty One Capital. To solidify its position on a global scale, Metaplanet plans to initiate a new fundraising process of 21 billion yen. The funds raised will be used for new cryptocurrency acquisitions and to pay off the company’s debts, which amount to approximately $280 million.

While the current Bitcoin price hovers around $66,270, the management of Metaplanet continues to maintain its confidence in its long-term strategy. Metaplanet's resilience and growth targets are among the key points to consider for long-term investors.