Metaplanet Boosts Bitcoin Holdings with $2M Purchase

Japanese investment company Metaplanet has significantly boosted its Bitcoin holdings with the acquisition of approximately 38 more BTC, valued at around 300 million yen ($2 million).

This latest purchase brings Metaplanet’s total Bitcoin assets to 398 BTC, equivalent to roughly 3.75 billion yen ($26 million). The firm continues to demonstrate strong confidence in Bitcoin’s potential.

The new Bitcoin acquisition comes as the market shows signs of recovery, with Bitcoin (BTC) rising by 3.12% in the last 24 hours to reach $56,732, recovering from a low of about $52,700 earlier in the week.

Following the announcement, Metaplanet’s shares increased by 4.42% on Tuesday, trading around 1,086 yen, though they had earlier peaked at approximately 2,000 yen. In contrast, the Nikkei 225 index saw only a slight uptick of 0.02%.

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Metaplanet has been actively expanding its Bitcoin reserves, having first adopted Bitcoin as a strategic reserve asset in May, driven by Japan’s economic issues like high government debt, negative real interest rates, and a weakening yen.

Additionally, Metaplanet announced plans to exercise its rights to acquire series 11 shares, which is expected to generate about 299.7 million yen for further Bitcoin purchases.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.