Metaplanet, a Japanese investment firm, has deepened its commitment to Bitcoin with another multi-million-dollar purchase, reinforcing its aggressive accumulation strategy.
The company recently secured 156 BTC for approximately $13.4 million, pushing its total Bitcoin holdings to 2,391 BTC.
Since pivoting towards Bitcoin in April 2024, Metaplanet has consistently increased its reserves. Last week alone, it added 135 BTC, and in December, the firm officially integrated Bitcoin into its core business operations.
The company’s long-term vision remains ambitious, with plans to reach 10,000 BTC by the end of 2025 and double that figure by the close of 2026.
With each purchase, Metaplanet is solidifying its position as one of Japan’s most notable institutional Bitcoin adopters, continuing to acquire BTC at an average cost of $82,100 per coin.
Economist Peter Schiff has stirred controversy with his shifting stance on Bitcoin.
Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, believes the ongoing crypto market rally could extend further than many anticipate.
Bitcoin’s on-chain activity has surged to levels last seen in December, potentially signaling a major shift in market sentiment.
Former U.S. President Donald Trump has expanded on his proposal for a national cryptocurrency reserve, confirming that Bitcoin (BTC) and Ethereum (ETH) will be central to the initiative.