Metaplanet Expands Bitcoin Holdings with Additional 330 BTC Purchase Amid Market Uncertainties
The post Metaplanet Expands Bitcoin Holdings with Additional 330 BTC Purchase Amid Market Uncertainties appeared on BitcoinEthereumNews.com.
Japanese investment firm Metaplanet has made headlines by acquiring an additional 330 Bitcoin (BTC), navigating through turbulent market conditions. This latest purchase brings the total BTC holding of Metaplanet to 4,855, solidifying its status as the largest corporate holder in Asia. “Tariff measures will not influence our long-term strategy,” said Michael Saylor, a notable figure whose insights continue to shape Bitcoin investment strategies. Metaplanet purchases 330 BTC for $28.2 million, increasing its holding to 4,855 and signaling strong confidence amid market volatility. Metaplanet’s Bold Bitcoin Acquisition Amid Market Volatility Today, Metaplanet announced the acquisition of an additional 330 Bitcoin valued at approximately $28.2 million. This purchase marks the company’s third significant transaction within a month, showcasing its ongoing commitment to Bitcoin investment despite the uncertainties triggered by recent U.S. tariff measures. Acquired at an average price of 12.18 million Japanese yen, or $85,605 per BTC, this latest buy coincides with a rally in Bitcoin prices, which recently surged above $87,000 for the first time since April 2. Consistency in Strategy: Metaplanet’s Accumulation Plan Implementing a well-defined bitcoin accumulation strategy since April 2024, Metaplanet has consistently added to its holdings, even amid a broader market downturn following the U.S. tariff announcements. Just last month, the company acquired 809 BTC as part of its ambitious goal to reach 10,000 BTC by year-end. With the recent acquisition, Metaplanet now commands a total of 4,855 BTC with an overall average purchase price of $89,928. This strategy positions the firm as the largest corporate Bitcoin holder in Asia and the tenth largest globally. Market Response and Share Performance In tandem with the acquisition, Metaplanet’s shares on the Tokyo Stock Exchange experienced a boost, rising by 0.85% as of 1:13 p.m. local time. The company’s shares reflect a staggering increase of 1,086% over the past year,…
Filed under: News - @ April 21, 2025 5:17 am