Japan’s Metaplanet has purchased an additional 21.88 BTC for around $1.26 million, bringing their total holdings to over 225 BTC, worth approximately $14.55 million.
This purchase follows a consistent strategy of weekly Bitcoin investments over the past two months, similar to MicroStrategy’s approach. The company has financed these acquisitions through bond sales.
This latest investment news boosted Metaplanet’s stock by 25.81%, with shares now at 117 JPY. Since the beginning of the year, the stock has risen by more than 631%, driven by its aggressive Bitcoin strategy.
Metaplanet’s market cap stands at 17.5 billion JPY, with Bitcoin making up a growing portion of its assets, currently valued at 2.25 billion JPY.
Bitcoin itself has seen a strong recovery, rising 13.3% in the past week to nearly $65,000.
This rebound is partly due to increased institutional interest and significant inflows into spot Bitcoin ETFs, as well as a boost in global liquidity.
JPMorgan analysts are raising doubts about Bitcoin’s role as “digital gold” as demand for traditional gold continues to strengthen.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The U.S. Bitcoin mining sector is gearing up for potential challenges after President Donald Trump announced new tariffs, set to take effect on April 5.
The cryptocurrency market faced a sharp decline after President Donald Trump announced new tariffs, triggering a sell-off that wiped out around $509 million in value.