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.
High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after riding the latest wave to new all-time highs.
Bitcoin briefly touched $111,000, marking a new all-time high before sliding back to around $108,000.
Bitcoin’s latest record-setting run has reignited chatter across the crypto markets—not just about BTC, but about what comes next.
Despite Bitcoin cooling off to around $108,000 after recently breaking above $110K, derivatives data shows that large traders are still betting big on a major rally.