Metaplanet Resumes Bitcoin Purchases After Three-Month Pause

Global listed companies net purchased $567 million in Bitcoin last week, with Metaplanet leading the buy. Metaplanet allocated around $450 million to acquire 4,279 BTC, resuming accumulation after a three-month pause.

Metaplanet Inc., a Tokyo-listed firm, purchased 4,279 Bitcoin worth approximately $450 million last week, marking a return to buying after a three-month hiatus.

The acquisition bolsters Metaplanet’s position as Asia’s largest corporate Bitcoin holder, aligning with its strategy to hedge against inflation and fiat devaluation.

Metaplanet Inc. resumed its Bitcoin purchases following a three-month break, acquiring 4,279 BTC at an average price of ¥16,325,148 yen per Bitcoin. Metaplanet’s holdings now stand at 35,102 BTC, valued at approximately $3.3 billion.

The company originally focused on Web3 and blockchain businesses but shifted towards Bitcoin treasury accumulation. Metaplanet aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026, evidencing a long-term commitment.

“The recent acquisition impacts Bitcoin supply, potentially supporting its price towards $150K from the current $89K levels.”

Immediate market reactions have shown interest in Metaplanet’s strategy, although no significant on-chain data shifts were reported.

Financially, Metaplanet allocated $450-451 million, with an unrealized loss of -12.71% on its Bitcoin reserves. The decision aligns with similar corporate strategies globally, akin to MicroStrategy, focusing on long-term BTC holding.

Looking ahead, Metaplanet’s continued Bitcoin accumulation could influence regulatory discussions around corporate cryptocurrency holdings. These actions may enhance the firm’s role in shaping future technological innovations and market strategies in the digital asset space.