Metaplanet is ramping up its Bitcoin holdings, securing an additional 497 BTC for $43.9 million as part of its long-term accumulation plan.
The Tokyo-listed firm now holds 2,888 BTC, with an average purchase price of $83,172 per coin, bringing the total investment to $240.2 million.
At current market rates, this translates to $251 million in unrealized gains.
The company has been aggressively increasing its Bitcoin reserves since April 2024, officially integrating BTC into its core business strategy by December.
Its ambitious targets include reaching 10,000 BTC by the end of 2025 and doubling that to 21,000 BTC by 2026.
Following the latest purchase, Metaplanet’s stock surged 17% in Japan, signaling strong investor confidence in its Bitcoin-centric approach.
Meanwhile, Bitcoin itself climbed 4% in the past day to $87,443, further supporting the growing trend of institutional adoption of the cryptocurrency.
Bitcoin is entering June with renewed strength as institutional appetite and fresh capital flows continue to shape its trajectory.
After more than four weeks of uninterrupted investor enthusiasm, BlackRock’s iShares Bitcoin Trust has reported its steepest daily outflow since its inception, signaling a potential shift in sentiment.
Pakistan’s aggressive embrace of Bitcoin mining has drawn scrutiny from the International Monetary Fund (IMF), which is now demanding clarity on the country’s allocation of 2,000 megawatts of electricity to digital assets and AI infrastructure.
A new analysis from China’s International Monetary Institute (IMI) suggests that Bitcoin is quietly gaining ground as a serious player in the global reserve system.