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Cryptocurrency News Articles

Japanese investment firm Metaplanet has bolstered its Bitcoin holdings with a fresh purchase of 162 BTC, pushing its total stash to 3050 BTC.

Mar 12, 2025 at 07:00 pm

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.

Japanese investment firm Metaplanet has bolstered its Bitcoin holdings with a fresh purchase of 162 BTC, pushing its total stash to 3050 BTC.

Japanese investment firm Metaplanet has increased its Bitcoin holdings with a fresh purchase of 162 BTC, bringing its total stash to 3,050 BTC.

CEO Simon Gerovich confirmed the acquisition, disclosing that the company spent $13.5 million at an average price of $83,123 per Bitcoin.

Even after Bitcoin's recent price decrease, Metaplanet's crypto assets are now valued at approximately $249.4 million, closely trailing the $253.7 million spent by the company on its acquisitions.

Since April, when the firm first announced its strategy to invest in Bitcoin, it has been steadily accumulating the cryptocurrency. By December, the company had formally designated Bitcoin treasury operations as a central focus of its business.

Bitcoin: Poised for Breakout as Liquidity Grows, Says Raoul Pal

Metaplanet has been actively buying Bitcoin throughout the year, with its last purchase seeing it pick up 497 BTC for $43.9 million.

With its total Bitcoin acquisitions for the year amounting to 1,300 BTC, the company remains focused on its goal to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

Investors reacted to Metaplanet's latest Bitcoin move, sending its stock up 8.1% to 3,610 yen during midday trading in Japan on Thursday.

The post Japanese Firm Adds 162 BTC for $13.5 Million in Latest Purchase appeared first on Bitcoin Together.

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Other articles published on Mar 19, 2025