Metaplanet has acquired 330 BTC, raising its total to 4,855 BTC, valued at $28.2 million. This is its third purchase this month amidst market turbulence linked to U.S. tariffs. The move coincides with Bitcoin’s rally above $87,000. Metaplanet aims for 10,000 BTC by year-end while maintaining a prominent position in Asia’s Bitcoin landscape.
Metaplanet has made waves in the cryptocurrency realm by acquiring an additional 330 BTC, swelling its total to a noteworthy 4,855 BTC. This latest purchase, valued at an impressive $28.2 million, marks the firm’s third Bitcoin transaction this month, all while navigating through turbulent waters prompted by recent U.S. tariff measures that have cast uncertainties over the market.
The acquisition was executed at an average price of 12.18 million Japanese yen, roughly equivalent to $85,605 per Bitcoin. This strategic decision coincides with a roaring Bitcoin rally, as it crossed the $87,000 threshold for the first time since April 2. At the moment of this announcement, Bitcoin was valued at $87,279, showcasing a 2.5% surge within the last 24 hours.
Metaplanet’s journey into Bitcoin accumulation began in April 2024, when it snapped up 809 BTC. The company has set an ambitious goal to reach 10,000 BTC by year’s end. With an average purchase price of $89,928, Metaplanet now proudly holds the title of the largest corporate Bitcoin shareholder in Asia and ranks 10th across the globe.
In a related development, Michael Saylor’s firm, known as Strategy (formerly MicroStrategy), has also been active, adding 3,459 BTC to its vast reserves last week. This move raised its total holdings to an astounding 531,644 BTC, despite having recorded unrealized losses of $5.91 billion on its Bitcoin assets in the first quarter. Saylor remains optimistic, asserting that tariffs will not hinder future investments in Bitcoin.
In summary, Metaplanet’s recent acquisition of 330 BTC underscores its strategic investment approach amid market volatility, bringing its total holdings to 4,855 BTC. As it aims for 10,000 BTC by year-end, its positioning as the largest Bitcoin holder in Asia is secured. Concurrently, Michael Saylor’s firm is aggressively expanding its Bitcoin reserves, highlighting a resilient stance within the crypto investment community, despite facing significant reported losses.
Original Source: coinmarketcap.com
