The post Japanese Firm Metaplanet Acquires 1,234 Bitcoin for Whopping $132 Million appeared on BitcoinEthereumNews.com.

After purchasing an additional 1,234 BTC on the open market, the Japanese public-listed business Metaplanet (MTPLF) surpassed even Elon Musk’s Tesla Holdings in Bitcoin ownership. With this most recent acquisition, Metaplanet jumps up the rankings to number seven, overtaking industry heavyweights like Block Inc., Bitcoin miner Hut 8, Tesla, and Coinbase, from number ten only two weeks ago. The decision comes after the firm announced a $5 billion fundraising campaign for its American subsidiary, underscoring its bold growth plan. The Japanese publicly traded company wasted no time in announcing a massive 1234 BTC acquisition, totaling $132.7 million, at a price of ~$107,557 per BTC, only one day after launching its “555 Million Plan”. This year, 2025, the firm has been buying up Bitcoin at an unprecedented rate, increasing its holdings by a factor of roughly ten since the beginning of the year. Banking on Bitcoin According to Simon Gerovich, CEO of Metaplanet, the company’s total Bitcoin holdings have increased to 12,345 BTC, with a total acquisition cost of almost $1.20 billion, or $97,036 per Bitcoin. With a primary emphasis on Treasury growth, Metaplanet has attained an outstanding Bitcoin yield of 315% year-to-date (YTD) in 2025 as of June 26, 2025. In order to bolster its “555 Million Plan,” the firm announced a $5 billion fundraising effort for its US affiliate only two days before today’s acquisition. After hitting an all-time high of 1,900 JPY last week, Metaplanet’s shares fell roughly 25%. However, today’s BTC buy has stopped any further decline. Some investors are describing the current stock price action as a buy-the-dip opportunity, as the price is settling near key support level. Highlighted Crypto News Today: Victim Sues Citibank Over $20 Million Romance Scam Allegations Source: https://thenewscrypto.com/japanese-firm-metaplanet-acquires-1234-bitcoin-for-whopping-132-million/

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Filed under: News - @ June 26, 2025 4:28 pm