Tokyo-based investment firm Metaplanet continues its aggressive Bitcoin accumulation strategy by purchasing an additional 135 BTC for $12.9 million.
Bitcoin Purchase of $12.9 Million
The latest acquisition brings the company's total Bitcoin holdings to 2,235 BTC, with Bitcoin purchased at an average price of 14.3 million yen ($95,951) per BTC. Metaplanet began its Bitcoin accumulation strategy in April 2024 and officially designated Bitcoin treasury operations as core to its business in December.
Impact on Shares and Market
Despite the recent Bitcoin purchase, Metaplanet's shares are down 1.3% in the morning session in Japan today. However, the company's stock has gained 67.5% since the start of 2025 and 233.7% over the past year, according to Google Finance.
Metaplanet Company's Strategy
The company's strategy plans to increase holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026. Metaplanet's strategy is compared to the US-based firm Strategy, which also focuses on Bitcoin accumulation.
Metaplanet's future plans to increase Bitcoin reserves could strengthen its position in Japan's cryptocurrency market.