Metaplanet Amps Up Its Bitcoin Holdings by Purchasing $12.5M Worth of BTC

In the latest update in institutional Bitcoin adoptions, Metaplanet, an investment firm based in Japan, has amped up its crypto acquisition efforts

In a recent update in institutional Bitcoin adoptions, Metaplanet, an investment firm based in Japan, has amped up its crypto acquisition efforts, recently buying $12.5 million worth of Bitcoin. The firm has also issued bonds to further acquire more BTC soon. This buying spree indicates the company’s plans to integrate Bitcoin as a major asset into its portfolio.

The acquisition was confirmed when Metaplanet disclosed their purchase through a post on social media website X, where they posted the official documents stating their purchase of 150 Bitcoin for ¥1.9 billion ($12.5 million) at an average price of ¥12,526,226 per Bitcoin. This latest purchase now helped Metaplanet’s BTC holdings stand at 3200 Bitcoin. As of now, Metaplanet’s BTC holdings are valued at close to $265 million.

On February 27, 2025, the hotel company introduced zero-interest bonds worth another ¥2 billion, set to mature in August 2025. These bonds will allow early redemption by single bondholder EvoFund. These funds form a part of a long-term initiative to expand Metaplanet’s BTC holdings. This extravagant purchase comes after a similar move in December 2024, when the company issued ¥5 billion in bonds, set for redemption in June 2025.

Since commencing its Bitcoin holding strategy in April last year, the company has acquired more than 1,150 BTC, now being valued at over $120 million. The aggressive investment strides have corroborated a significant price rise for the Metaplanet stock. Following the December bond issuance, the stock surged by over 50%, taking the company’s market capitalization beyond ¥1 billion.

Beyond their investments, Metaplanet has also launched a rewards program for investors who hold the Metaplanet stock. Investors with 100 shares were entered into a lottery, with $199,500 distributed in Bitcoin to 2300 selected participants. Through these financial moves, Metaplanet has solidified its position in the list of prominent institutional Bitcoin adoptions in the past year.

Bitcoin Price Analysis of Last 24 Hours: Bitcoin Shows Promise, Is the Bull Trend Here To Stay?

As institutions continue to adopt Bitcoin for their financial and strategic advantages, Bitcoin continues to impress with a stable performance. Bitcoin is currently hovering around $83,100 price. Yesterday began on a strong note, as BTC rode bullish momentum, thanks to a golden cross earlier, amping the price up to $83, 855 by 4:00 AM UTC. However, buying pressure started to fade as Bitcoin entered overbought territory on the RSI. The long-term moving average also overtook the shorter on the MACD, correctly signaling a price reversal. The shift caused a pullback, with Bitcoin finally finding support around $82, 700.

Chart 1: analyzed by raodevansh18, published on TradingView, March 18, 2025

As BTC hit oversold conditions once again, a fresh uptrend started, pushing Bitcoin price to find resistance at $87,780. In the coming hours, Bitcoin attempted a breakout thrice, but to no fruitful effect. This led to a period of volatile range-bound action as the price fluctuated, validated by the rapid action on the moving average indicator as well. It wasn’t until 17:00 UTC that BTC broke the resistance, surging to its 24-hour peak of $84,667 by 19:45 UTC. However, as a death cross signaled another reversal the price entered a prolonged downward channel. The downward channel eventually led the Bitcoin price to $82,318 by 6:30 UTC on March 17.

Bitcoin Price Prediction: Can the Bulls Carry Bitcoin Further Skyward?

Bitcoin has been able to consistently maintain buying momentum, frequently touching key resistance levels. In the latest updates on the charts, the buying pressure was seen intensifying. If it continues to rise, the coin could soon reach overbought conditions and a price reversal will be on the cards. If the buying pressure does not rise soon after, the ensuing downtrend could take Bitcoin deeper into the $82,000 territory.