Japanese Investment Firm Metaplanet Announced Today That It Has Made a Bitcoin Purchase! Here Is the Latest Purchase Amount

Japanese investment firm Metaplanet continues its aggressive Bitcoin accumulation strategy, purchasing an additional 497 BTC for $43.9 million as it progresses towards its long-term BTC asset target.

Metaplanet Accelerated Bitcoin Purchases, Added $43.9 Million Worth of BTC

The company listed in Tokyo announced today that it purchased an average of 88,448 dollars per Bitcoin and bought 497 BTC, increasing its total assets to 2,888 BTC.

The company's total Bitcoin investment is currently 240.2 million dollars and the average purchase price per BTC is 83,172 dollars. At current market prices, these holdings are worth 251 million dollars and provide unrealized paper profits to the company.

Aggressive Bitcoin Accumulation Strategy

• The latest purchase follows the $13.4 million purchase of 156 BTC on Monday.
• Metaplanet has been aggressively accumulating Bitcoin as part of its long-term treasury strategy since April 2024.
• In December 2024, the company officially designated Bitcoin treasury operations as a core business unit.
• The company has set ambitious goals to own 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Market Impact and Stock Performance

• Metaplanet's shares rose 17% during Wednesday's trading session in Japan, reflecting investors' confidence in the bitcoin strategy.
• Nikkei 225 index has increased by 0.55% so far today.
• The price of Bitcoin increased by 4% in the last 24 hours, rising to $87,443.

As Metaplanet continues to frenzy buying Bitcoin, its strategy emphasizes the increasing institutional adoption of Bitcoin as a treasury asset.