Metaplanet, the Japanese investment firm, is doubling down on Bitcoin. They just bought another 330 BTC – that’s around $28.2 million worth – despite a bit of a wobble in the crypto markets. It’s their third Bitcoin purchase this month, which, frankly, is a move. They’re not flinching at the headlines about U.S. tariffs, which, let’s be honest, have rattled a few cages.
- Metaplanet has significantly increased its Bitcoin holdings with another purchase of 330 BTC, demonstrating a strong commitment to the cryptocurrency despite market fluctuations.
- The company’s aggressive Bitcoin accumulation strategy has propelled it to become the largest corporate Bitcoin holder in Asia, signaling a bold move that has positively impacted its stock performance.
- While other firms like Strategy also continue to invest heavily in Bitcoin, Metaplanet’s actions highlight a growing trend of corporations viewing Bitcoin as a long-term store of value.
The company snagged these Bitcoins at an average price of 12.18 million Japanese yen, or about $85,605 per coin. Not a bad price, considering the recent surge. Bitcoin actually poked its head above $87,000 for the first time since April 2nd. As of this afternoon, it’s trading at $87,279, up 2.5% in the last 24 hours. It’s a bit of a rollercoaster, isn’t it?
Metaplanet started this whole Bitcoin accumulation thing back in April 2024, and they’ve been steadily buying, even when things got a little bumpy thanks to those tariff announcements. They’ve already acquired 809 BTC this year, and they’re still on track to hit their ambitious goal of 10,000 BTC by the end of the year. That’s a lot of Bitcoin.
Asia’s Biggest Corporate Bitcoin Holder
Now, Metaplanet holds a total of 4,855 BTC, with an average purchase price of $89,928. That makes them the biggest corporate Bitcoin holder in Asia, and tenth globally. It’s a bold strategy, and the market is taking notice. Their stock on the Tokyo Stock Exchange was up 0.85% today, and it’s jumped a staggering 1,086% in the past year since they started this Bitcoin push. People seem to like it.
Meanwhile, Michael Saylor’s Strategy – you know, the folks who really got this whole corporate Bitcoin thing going – just added another 3,459 BTC to their stash last week, bringing their total holdings to a cool 531,644 BTC. Saylor, ever the optimist, isn’t worried about tariffs impacting their Bitcoin buying. He’s been pretty vocal about it on X, formerly known as Twitter.
Tariffs will not deter our Bitcoin acquisition strategy. $BTC is a superior store of value. https://t.co/w9wJq9wJ9q
Though, it’s worth noting that Strategy did report unrealized losses on their Bitcoin holdings of $5.91 billion in the first quarter of this year. Still, they’re sticking to the plan. It’s a long game, apparently.
Metaplanet’s move isn’t just about buying Bitcoin; it’s a statement. They’re betting on Bitcoin as a long-term store of value, and they’re willing to put their money where their mouth is. It’s a fascinating experiment, and one that a lot of people are watching closely. Will it pay off? Only time will tell. But for now, Metaplanet is sending a clear signal: they believe in Bitcoin, even when things get a little weird.
【重要】本日、当社は330BTCを約28.2億円で購入いたしました。
これにより、当社の保有BTCは合計4,855BTCとなりました。
今後とも、透明性の高い資本政策を推進してまいります。
https://t.co/w9wJq9wJ9q
