Metaplanet Boosts Bitcoin Bet With Additional $26 Million Purchase Amid Macroeconomic Turmoil
Metaplanet, a Tokyo-listed firm that adopted a Bitcoin accumulation strategy, has bought an additional 3.78 billion yen ($26.3 million) worth of BTC amid the Trump administration’s flip-flopping tariff regime.
Metaplanet Presses On With Bitcoin Purchases
Metaplanet disclosed on Monday that it purchased an additional 319 BTC for about $26.3 million at an average price of ¥12,849,780 ($82,549) per Bitcoin.
This brought its total holdings to 4,525 BTC, acquired for about $386.3 million, according to Metaplanet CEO Simon Gerovich. Based on market prices, the firm’s 4,525 BTC is currently worth around $382.2 million.
Metaplanet has been buying the apex crypto since announcing its Bitcoin strategy in April 2024. It currently ranks as the world’s ninth-largest publicly traded corporate holder of Bitcoin and the largest in Asia. Metaplanet intends to boost its BTC stash by 470%, aiming to reach 10,000 BTC by the end of this year and a total of 21,000 BTC by end-2026.
Metaplanet’s latest purchase comes as crypto markets remained largely flat under geopolitical tensions. The price of Bitcoin barely budged on Monday morning, changing hands at $84,509 as of press time as investors digested mixed signals from Washington over the direction of U.S. trade policy toward China.
An Increasingly Influential Company
Metaplanet is following closely in the footsteps of Michael Saylor’s Strategy, whose aggressive Bitcoin accumulation strategy has influenced an increasing number of corporate entities seeking to use digital assets to enhance shareholder value.
Strategy currently holds 528,185 BTC, which is equivalent to 2.5% of the leading crypto’s total supply.
Metaplanet’s use of stocks to raise money for its Bitcoin buying spree has given the company the nickname “Asia’s MicroStrategy”, as the formula follows similar actions from Strategy (formerly known as MicroStrategy).
Meanwhile, Metaplanet is making powerful friends in the US political scene. As ZyCrypto reported in March, the company tapped US President Donald Trump’s son Eric to its newly established strategic board of advisers to advance its mission to become a “global leader in the Bitcoin economy.”
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Metaplanet Boosts Bitcoin Bet With Additional $26 Million Purchase Amid Macroeconomic Turmoil
Metaplanet, a Tokyo-listed firm that adopted a Bitcoin accumulation strategy, has bought an additional 3.78 billion yen ($26.3 million) worth of BTC amid the Trump administration’s flip-flopping tariff regime.
Metaplanet Presses On With Bitcoin Purchases
Metaplanet disclosed on Monday that it purchased an additional 319 BTC for about $26.3 million at an average price of ¥12,849,780 ($82,549) per Bitcoin.
This brought its total holdings to 4,525 BTC, acquired for about $386.3 million, according to Metaplanet CEO Simon Gerovich. Based on market prices, the firm’s 4,525 BTC is currently worth around $382.2 million.
Metaplanet has been buying the apex crypto since announcing its Bitcoin strategy in April 2024. It currently ranks as the world’s ninth-largest publicly traded corporate holder of Bitcoin and the largest in Asia. Metaplanet intends to boost its BTC stash by 470%, aiming to reach 10,000 BTC by the end of this year and a total of 21,000 BTC by end-2026.
Metaplanet’s latest purchase comes as crypto markets remained largely flat under geopolitical tensions. The price of Bitcoin barely budged on Monday morning, changing hands at $84,509 as of press time as investors digested mixed signals from Washington over the direction of U.S. trade policy toward China.
An Increasingly Influential Company
Metaplanet is following closely in the footsteps of Michael Saylor’s Strategy, whose aggressive Bitcoin accumulation strategy has influenced an increasing number of corporate entities seeking to use digital assets to enhance shareholder value.
Strategy currently holds 528,185 BTC, which is equivalent to 2.5% of the leading crypto’s total supply.
Metaplanet’s use of stocks to raise money for its Bitcoin buying spree has given the company the nickname “Asia’s MicroStrategy”, as the formula follows similar actions from Strategy (formerly known as MicroStrategy).
Meanwhile, Metaplanet is making powerful friends in the US political scene. As ZyCrypto reported in March, the company tapped US President Donald Trump’s son Eric to its newly established strategic board of advisers to advance its mission to become a “global leader in the Bitcoin economy.”
Read More