Bitcoin-stacking investment firm Metaplanet purchased another 156 Bitcoin on March 3 as its CEO said the firm is exploring a potential listing outside of Japan, such as the United States.
The 156 Bitcoin (BTC) was purchased for around $13.4 million at $85,890 per coin, bringing Metaplanet’s total Bitcoin stash to 2,391 BTC, the company said in a March 3 statement.
The Simon Gerovich-led firm has now bought $196.3 million worth of Bitcoin at an average purchasing price of $82,100 per Bitcoin, putting it up 13% since it first started its Bitcoin investment strategy in April last year.
Source: Simon Gerovich
It comes as Gerovich met with officials at the New York Stock Exchange and Nasdaq over the last week to introduce Metaplanet’s “platforms and functions.”
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich said in a March 3 X post.
Metaplanet may decide not to list in the United States.
Metaplanet’s CEO Simon Gerovich pictured by the bell at the New York Stock Exchange. Source: Simon Gerovich
Cointelegraph reached out to Metaplanet for comment but didn’t receive an immediate response.
Related: Metaplanet raises 4B JPY in 0% interest bonds to buy more BTC
Metaplanet (MTPLF) shares have already been trading on OTC Markets since November, making the company’s stock more accessible to international investors.
OTC Markets is a US-based financial market providing price and liquidity information for around 12,400 over-the-counter securities, many of which are international.
MTPLF shares have risen 530% from $3 to $18.9 since launching on Nov. 22.
Metaplanet has also been one of the best performers on the Tokyo Stock Exchange over the last 12 months, increasing 1,800%, Google Finance data shows.
Metaplanet is currently the 14th largest corporate Bitcoin holder in the world, according to BitBo’s BitcoinTreasuries.NET data.
Metaplanet has adopted a range of financial instruments to assist its Bitcoin strategy since April and is aiming to accumulate 21,000 Bitcoin by 2026 as part of its broader strategy to lead Japan’s Bitcoin renaissance.
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