Metaplanet buys $43.9M Bitcoin—Can it rival Strategy’s lead?
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Metaplanet boosted its Bitcoin holdings to 2,888 BTC, eyeing 21,000 BTC by 2026. Whales accumulate 20,000 BTC as Bitcoin dips below $88K, signaling strong demand. Metaplanet’s stock is surging again, jumping 14% after the Japanese firm announced a fresh Bitcoin [BTC] purchase worth $43.9 million. This latest acquisition, made amid market volatility driven by Trump’s new tariffs, brings Metaplanet’s total Bitcoin holdings to 2,888 BTC, acquired at an average price of $84,240 per coin. However, despite Bitcoin’s recent dip to $83,000, the flagship cryptocurrency was seeing a slight recovery, trading around $89,694, at press time. Metaplanet’s stock sees a boost Metaplanet’s stock on the Tokyo Stock Exchange surged over 20% to 4,045 Yen ($27.08), according to Google Finance. Despite fluctuations, the company achieved a 1,700% gain over the past year, solidifying its top-performer status. Metaplanet continues aggressively accumulating Bitcoin, purchasing 156 BTC on 3rd March, marking its second acquisition this week. The firm acquired 794.5 BTC in 2025, reporting $66 million in Q1 gains, reinforcing its bullish Bitcoin strategy. With a goal of amassing 21,000 BTC by 2026, Metaplanet leads Japan’s Bitcoin adoption and strengthens its market position. Hence, the recent acquisitions made Metaplanet the 12th-largest corporate Bitcoin holder globally and Asia’s largest, surpassing Hong Kong’s Boyaa Interactive. In fact, its latest acquisitions have propelled it to the 12th-largest corporate Bitcoin holder globally and the biggest in Asia, surpassing Hong Kong’s Boyaa Interactive as per BiTBO. CEO Simon Gerovich weighs in Meanwhile, Metaplanet CEO Simon Gerovich has engaged with NYSE and Nasdaq officials, hinting at a potential international listing. He took to X (formerly Twitter) and noted, “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” On the other hand, as Bitcoin briefly dipped to $82,000, whale activity surged, signaling strong…
Filed under: News - @ March 6, 2025 12:20 pm