Metaplanet, a Japanese investment firm, has deepened its commitment to Bitcoin with another multi-million-dollar purchase, reinforcing its aggressive accumulation strategy.
The company recently secured 156 BTC for approximately $13.4 million, pushing its total Bitcoin holdings to 2,391 BTC.
Since pivoting towards Bitcoin in April 2024, Metaplanet has consistently increased its reserves. Last week alone, it added 135 BTC, and in December, the firm officially integrated Bitcoin into its core business operations.
The company’s long-term vision remains ambitious, with plans to reach 10,000 BTC by the end of 2025 and double that figure by the close of 2026.
With each purchase, Metaplanet is solidifying its position as one of Japan’s most notable institutional Bitcoin adopters, continuing to acquire BTC at an average cost of $82,100 per coin.
Traders are growing cautious, and the crypto mood is beginning to shift. Bitcoin has stalled near $115,500, and momentum is no longer as confident as it was earlier this month.
Bitcoin slipped 2.56% in the past 24 hours, falling below key short-term support levels. The decline comes amid a combination of large whale transactions, cooling technical momentum, and weak performance across the broader crypto market.
French banking giant Societe Generale has entered the crypto space more directly, forming a strategic partnership with 21Shares.
MicroStrategy is doubling down on its Bitcoin strategy with a massive $2 billion fundraising move. Originally planned at $500 million, the company expanded its offering after seeing strong investor demand.