Japanese investment firm Metaplanet has expanded its Bitcoin holdings to 2,100 BTC, now controlling 0.01% of the total supply.
The latest acquisition added 68.59 BTC for $6.6 million at an average price of $96,335 per coin. This purchase aligns with its broader strategy to strengthen its Bitcoin reserves.
The firm also secured $20 million in equity funding within just two days as part of its Bitcoin-focused expansion.
In addition, it announced a 1-for-10 stock split set for April 1, 2025, following a similar move eight months ago.
Metaplanet’s approach mirrors that of another major player known for aggressively increasing its Bitcoin treasury. Investor confidence remains strong, with the company’s shares rising over 1% to JPY 6,260.
Metaplanet has taken a bold step in its Bitcoin strategy by issuing ¥2 billion ($13.3 million) in zero-interest bonds, a move aimed at expanding its cryptocurrency holdings.
Michael Saylor’s firm, Strategy, has significantly increased its Bitcoin holdings by purchasing 22,048 BTC for nearly $2 billion, capitalizing on a market dip.
CryptoQuant, a prominent cryptocurrency analytics firm, has revealed insights into the current behavior of seasoned Bitcoin investors.
Lyn Alden, a well-known expert in macroeconomics, recently compared the ongoing Bitcoin correction to a similar dip seen in March 2024, highlighting a key on-chain metric that could provide clues about Bitcoin’s future price movement.