Japanese investment firm Metaplanet continues its aggressive Bitcoin accumulation, purchasing an additional 150 BTC worth $12.5 million at an average price of $83,508 per bitcoin. The Tokyo-listed firm now holds 3,200 BTC, valued at approximately $265.9 million based on current market prices.
Metaplanet’s Long-Term Bitcoin Strategy
Since adopting a Bitcoin accumulation strategy in April 2024, Metaplanet has been steadily increasing its holdings. CEO Simon Gerovich revealed that the company’s goal is to reach 10,000 BTC by the end of 2025 and ultimately 21,000 BTC by 2026.
To fuel further purchases, Metaplanet raised 2 billion yen ($13.3 million) through bond issuance on Tuesday, reinforcing its commitment to Bitcoin as a reserve asset.
Stock Performance and Market Impact
Despite its ongoing Bitcoin acquisitions, Metaplanet’s stock closed down 0.49% at 4,030 yen on Tuesday. However, year-to-date, the stock has gained 15.8% and skyrocketed 1,819% over the past year, according to Yahoo Finance. Meanwhile, Japan’s Nikkei 225 index gained 1.2% on the same day.
Bitcoin Price Update
At the time of writing, Bitcoin traded at $83,116, down 0.2%, according to The Block’s price page. Metaplanet’s continued bullish stance on Bitcoin underscores the increasing institutional interest in BTC as a long-term store of value.
With its ambitious accumulation goals, Metaplanet is positioning itself as a leading corporate Bitcoin holder in Asia, following a path similar to MicroStrategy’s Bitcoin-first approach in the U.S.
