Japanese firm buys more bitcoin in a bold move to expand its crypto treasury strategy and strengthen its BTC portfolio.
Tokyo-listed investment company Metaplanet has purchased an additional 1,004 BTC, spending approximately $104.3 million. This acquisition increases its total bitcoin holdings to 7,800 BTC, currently valued at $806 million. The company’s aggressive buying continues to signal strong confidence in Bitcoin’s long-term potential.
CEO Simon Gerovich revealed that Metaplanet’s average purchase price stands at $91,343 per BTC. The latest buy happened with bitcoin trading near $103,343, showing the company’s willingness to accumulate regardless of short-term market fluctuations.
Metaplanet’s strategy pushes BTC demand
Metaplanet began its bitcoin journey in April 2024. Since then, the company has regularly acquired BTC using funds raised from bond sales. It recently announced its 15th bond issuance worth $15 million, part of its broader strategy to reach 10,000 BTC by the end of 2025.
As the largest publicly traded BTC holder in Asia, Metaplanet ranks 11th globally. Its steady accumulation model draws comparisons with MicroStrategy, the U.S.-based firm led by Bitcoin advocate Michael Saylor.
The company’s stock surged 12.2% on Monday as investors reacted positively to its growing crypto reserves. Market optimism also stems from Bitcoin trading near its all-time highs, boosting the valuation of Metaplanet’s BTC portfolio.
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Japanese firm buys more bitcoin amid bullish sentiment
The global market remains largely bullish on Bitcoin. With BTC hovering above $103,000, institutional investors are fueling demand. Metaplanet’s ongoing commitment shows a shift in how corporations manage their reserves, embracing digital assets over fiat holdings.
This corporate buying spree adds pressure on BTC supply, reducing availability and potentially supporting price growth. With a clear goal of reaching 10,000 BTC, Metaplanet is unlikely to slow down.
Its bond-based funding approach is drawing attention from financial analysts. Instead of diluting shares, the firm leverages debt financing to build a long-term crypto treasury. This innovative strategy could inspire other Asian corporations to follow suit.
Corporate crypto adoption expands in Asia
Japanese firm buys more bitcoin while establishing itself as a crypto pioneer in Asia. Its success could set a trend in the region, where regulatory frameworks are becoming more favorable toward digital assets.
As Metaplanet climbs the global BTC leaderboard, investors and competitors alike are watching closely. The firm’s calculated risk and market timing show a deep belief in Bitcoin’s future role in finance.
With 7,800 BTC already secured, the countdown to 10,000 BTC continues. If bullish market trends hold, Metaplanet might reach that target earlier than expected, making it one of the most influential crypto treasuries outside the U.S.