Japanese Investment Firm Metaplanet Announced Today That It Also Purchased Bitcoin! Here Is The Latest Purchase Amount

Japanese investment firm Metaplanet continues its aggressive Bitcoin accumulation strategy by purchasing an additional 497 BTC for $43.9 million as it moves towards its long-term BTC holdings goal.

Metaplanet Accelerates Bitcoin Purchases, Adds $43.9 Million Worth of BTC

The Tokyo-listed firm announced today that it purchased 497 BTC at an average price of $88,448 per Bitcoin, bringing its total holdings to 2,888 BTC.

The firm’s total Bitcoin investment is currently $240.2 million, with an average purchase price of $83,172 per BTC. At current market prices, these holdings are worth $251 million, providing the company with unrealized paper profits.

Aggressive Bitcoin Accumulation Strategy

• The latest purchase follows Monday’s purchase of 156 BTC worth $13.4 million.
• Metaplanet has been aggressively accumulating Bitcoin as part of its long-term treasury strategy since April 2024.
• In December 2024, the firm officially designated Bitcoin treasury operations as a core business line.
• The company has set ambitious goals to own 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Market Impact and Stock Performance

• Metaplanet's shares rose 17% in Wednesday's trading session in Japan, reflecting investors' confidence in its bitcoin strategy.
• The Nikkei 225 index is up 0.55% so far today.
• Bitcoin price rose 4% in the last 24 hours to $87,443.

As Metaplanet continues its Bitcoin buying spree, its strategy emphasizes the growing institutional adoption of Bitcoin as a treasury asset.

*This is not investment advice.