Japan-based Investment Company Metaplanet Has Purchased 696 BTC for $67.9M

The Japan-based investment company Metaplanet has made another bold move in the crypto space by purchasing 696 additional BTC for $67.9 million.

Japan-based investment company Metaplanet has made another bold move in the crypto space by purchasing 696 additional BTC for $67.9 million. This addition brings the total Metaplanet BTC holdings to 4,046 BTC, showcasing the firm’s ongoing commitment to Bitcoin as part of its long-term strategy/plan.

The purchase was done through cash-secured put options, allowing Metaplanet to buy these additional bitcoins for less than the current market price, despite the recent volatility in the Bitcoin market. The announcement highlights Metaplanet’s serious intent about Bitcoin being a crucial part of its financial strategy going forward.

A Smart Strategy to Generate Bitcoin Income

In the first quarter of 2025, Metaplanet’s bitcoin income-generating business produced around $5.2 million. The income was generated by selling cash-secured put options, which enabled the company to earn premiums in bitcoin. This strategy means that Metaplanet has to set aside capital to buy Bitcoin if the options end up being exercised, allowing them to have secured more BTC than what could have been acquired if simply purchasing from the cash market. Even though there was a substantial fall in the price of Bitcoin after selling the put options, when comparing it to Metaplanet’s effective cost per BTC, it is still superior to the market price at the time, which has further increased Metaplanet’s BTC position by utilizing this income-generating strategy.

Metaplanet’s Position Among Top Bitcoin Holders

With this most recent acquisition, the Metaplanet BTC holdings now total about $340 million, placing it among the top 10 corporate Bitcoin holders worldwide. The firm has also shown strong performance, yielding a 95.6% return on BTC this year thus far. The Metaplanet BTC holdings will grow further as per the company plan, targeting 10,000 BTC by 2025. This growth trajectory signals strong market confidence in Metaplanet’s long-term Bitcoin strategy.

As Metaplanet continues to expand its position within the crypto ecosystem, this latest acquisition could spark notable market movement. With that in mind, let’s turn our attention to Bitcoin price analysis and explore how these developments might influence future price action.

Price Analysis and BTC Price Prediction

The March 31st trading session started in a narrow range of $82,540 to $81,240. The price moved toward the top resistance of the trading zone at 01:10 UTC when a golden cross on the MACD line coincided with an oversold RSI signal. Selling pressure, however, prevented a big breakout. At 04:30 UTC, another breakout attempt was prompted by the formation of another golden cross. A death cross on the MACD line, supported by an earlier overbought signal from the RSI, increased selling pressure at 08:30 UTC.

A clear golden cross and an oversold RSI reading around 10:10 UTC caused a sharp price increase inside an uptrend channel, moving the market into a new range.

Chart 1, Analyzed by Alokkp0608, published on April 1st, 2025.

As of right now, $83,830 and $81,920 are the main resistance and support levels, respectively. At 13:25 UTC, the price experienced a slight decline when a death cross formed. But as soon as a golden cross appeared, bullish momentum swiftly recovered, and the price rose. Bitcoin hit the crucial resistance level by 15:30 UTC, but it was unable to hold since a following death cross stopped any further breakout. Prices retraced before trying another breakout.

Another golden cross that matched an earlier RSI oversold indication rekindled an upward trend by 21:15 UTC. The price increase persisted into the following trading session within an upward channel. The bullish momentum soon resulted in a breakout on the key resistance level when another golden cross formed on the MACD line.

Metaplanet’s Strategic Bitcoin Moves and What It Means for BTC Price

Metaplanet’s recent purchase of 696 BTC for $67.9 million is a clear sign of Metaplanet BTC holdings growing and its continuing commitment to Bitcoin as a central pillar of its investment strategy. As the company strengthens its position among the leading corporate Bitcoin holders, it will be interesting to see how the market responds.

The technical price analysis of Bitcoin indicates the following key levels of resistance and support: resistance at $83,830 and support at $81,920.

The technical signals, such as the MACD and RSI, indicate a possible breakout that is forming at either level. If Metaplanet continues accumulating more Bitcoin, its impact and influence on the price action could become a more significant factor, so traders should pay close attention to price action to look for their signals. The BTC price prediction highlights