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.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
A sharp divergence has emerged between Bitcoin’s exchange balances and its surging market price—signaling renewed long-term accumulation and supply tightening.
Bitcoin touched a new all-time high of $118,000, but what truly fueled the rally?
Robert Kiyosaki, author of Rich Dad Poor Dad, has revealed he bought more Bitcoin at $110,000 and is now positioning himself for what macro investor Raoul Pal calls the “Banana Zone” — the parabolic phase of the market cycle when FOMO takes over.