Tokyo-based investment firm Metaplanet, often referred to as the 'MicroStrategy of Asia,' has announced a significant Bitcoin purchase amid growing uncertainty in the global market.
Expansion of Bitcoin Holdings
Metaplanet confirmed the purchase of 319 BTC at an average price of 12,849,780 yen ($82,549) per coin. Their total Bitcoin holdings now exceed 4,525 BTC, with plans to increase this figure by 470% to 10,000 BTC by the end of the year.
Impact of Geopolitical Factors
This purchase comes amid rising geopolitical unrest, as investors try to assess the implications of new signals from the Trump administration regarding trade policy. Bitcoin dropped over 2% to $83,482 amid fears of new tariffs.
Metaplanet's Strategy and Its Parallels with MicroStrategy
Metaplanet's aggressive Bitcoin accumulation strategy mirrors that of MicroStrategy. Last month, they made headlines by appointing Eric Trump, the son of US President Donald Trump, to their newly formed Strategic Advisory Board, citing his 'business expertise and passion for Bitcoin.'
Thus, Metaplanet continues its active accumulation of Bitcoin despite market fluctuations, highlighting their long-term investment intentions.
