- Metaplanet acquired 135 Bitcoin at ¥14,360,449 ($96,185) per coin, totaling $13 million in investment.
- The purchase occurred just before Bitcoin’s price declined below $91,000, now trading under $88,000.
- Company’s total Bitcoin holdings reached 2,235 BTC, valued at approximately $196 million at current prices.
- Despite market volatility, Metaplanet maintains 12% unrealized gains since beginning accumulation in April 2023.
- The firm aims to hold 21,000 BTC by 2026 as part of its ambitious expansion strategy.
Japanese investment firm Metaplanet has expanded its cryptocurrency portfolio with a significant Bitcoin acquisition, demonstrating continued institutional confidence in digital assets despite market volatility. The Tokyo-listed company disclosed purchasing 135 Bitcoin at an average price of ¥14,360,449 ($96,185) per coin.
The timing of the purchase proved challenging as Bitcoin’s value subsequently dropped below $91,000, settling under $88,000 at the time of reporting. However, Metaplanet’s overall investment strategy remains profitable, with its Bitcoin portfolio showing approximately 12% in unrealized gains since initiating its accumulation strategy last April.
The company’s average acquisition cost across all holdings stands at ¥12,441,856 ($81,834) per Bitcoin, positioning it favorably despite current market fluctuations. Metaplanet’s total Bitcoin holdings now amount to 2,235 BTC, representing about 0.01% of Bitcoin’s total supply.
In pursuing what the company calls its “21 Million Plan,” Metaplanet has established Bitcoin treasury operations as an official business line. The strategy aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026, funded partially through stock acquisition rights that have already raised ¥7.13 billion ($47.7 million).
Market response to the investment has been mixed, with Metaplanet’s share price on the Tokyo Stock Exchange (TYO: 3350) declining 3.22% to ¥6,010 ($40.13), according to Yahoo Finance data. However, the company’s “BTC Yield” metric shows promising results at 23.2% for the quarter-to-date period ending February 25, progressing toward its 35% target for Q1 2025.
Often referred to as “Asia’s answer to MicroStrategy,” Metaplanet continues to demonstrate institutional commitment to cryptocurrency investment despite short-term market volatility, establishing itself as a significant player in the Asian digital asset landscape.
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