Japanese investment firm Metaplanet has bolstered its Bitcoin holdings with a fresh purchase of 162 BTC, pushing its total stash to 3,050 BTC.
CEO Simon Gerovich confirmed the acquisition, revealing that the company spent $13.5 million at an average price of $83,123 per Bitcoin.
Even with Bitcoin’s recent price dip, Metaplanet’s crypto assets are now worth around $249.4 million—just shy of the $253.7 million the company has spent on its acquisitions.
Since April 2024, when it first announced its Bitcoin-focused strategy, the firm has consistently increased its holdings. By December, it had formally made Bitcoin treasury operations a core business focus.
Metaplanet has been on a buying spree in 2025, recently snapping up 497 BTC for $43.9 million. With its total Bitcoin acquisitions for the year reaching 1,300 BTC, the company remains committed to its ambitious target of 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Investors took notice of Metaplanet’s latest Bitcoin move, sending its stock up 8.1% to 3,610 yen during midday trading in Japan.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.
Bitcoin’s surge to new all-time highs is playing out differently than previous rallies, according to a July 11 report by crypto research and investment firm Matrixport.
Bitcoin surged past $116,000 on July 11, marking a new all-time high amid intense market momentum.