Metaplanet Inc. Buys 319 BTC to Increase Holdings to 4,525 BTC Ahead of Its 10,000 BTC Goal

Metaplanet Inc., often called “Asia’s MicroStrategy,” bought 319 BTC on Apr. 14, increasing its holdings to 4,525 BTC. The purchase aligns with the firm’s 2025 goal of holding 10,000 BTC amid rising macroeconomic uncertainty.

Key Insights:

* Tokyo-listed Metaplanet Inc. has purchased 319 BTC for 3.78 billion yen, increasing its Bitcoin holdings and aligning with the firm’s 2025 goal of 10,000 BTC amid rising macroeconomic uncertainty.

* The average price per coin was 12,849,780 yen ($82,549), and the company now holds 4,525 BTC after this acquisition.

* The announcement came on April 14, just after global markets reacted to a flare-up in geopolitical tensions between the United States and China in the past few days.

In Asian trading hours, Bitcoin dropped more than 0.05% to $84,454 as investors continue to react to uncertainty in U.S. trade policy. Despite this drop, the world’s largest cryptocurrency is still up more than 160% since the start of 2024.

* In the past few months, several U.S. government agencies have been working on plans to manage digital assets seized from criminals. Two programs have been started by the U.S. Department of Homeland Security to manage cryptocurrencies and support blockchain analysis.

* Earlier this year, Metaplanet announced the formation of a Strategic Advisory Board with the addition of Eric Trump, who will provide support for the company’s broader Bitcoin strategy.

* The Trump administration has also created two separate programs to manage digital assets seized from criminals, one of which is the Strategic Bitcoin Reserve, while another program focuses on cryptocurrencies seized by U.S. Customs and Border Protection.

Tokyo-listed company Metaplanet Inc. has purchased 319 BTC for 3.78 billion yen, boosting its Bitcoin holdings and aligning with the firm’s 2025 goal of 10,000 BTC amid rising macroeconomic uncertainty.

The average price per coin was 12,849,780 yen ($82,549), and the company now holds 4,525 BTC after this acquisition.

The announcement came on April 14, just after global markets reacted to a flare-up in geopolitical tensions between the United States and China in the past few days. In Asian trading hours, Bitcoin dropped more than 0.05% to $84,454 as investors continue to react to uncertainty in U.S. trade policy.

However, the world’s largest cryptocurrency is still up more than 160% since the start of 2024. A recent surge pushed BTC to new 18-month highs, exceeding the $70,000 mark.

After a period of rapid gains, crypto prices have stabilized somewhat, and the next few months may be crucial as several U.S. government agencies are working on plans to manage digital assets seized from criminals.

Two programs have been started by the U.S. Department of Homeland Security to manage cryptocurrencies and support blockchain analysis, both of which are set to conclude in April 2024.

Earlier this year, Metaplanet announced the formation of a Strategic Advisory Board with the addition of Eric Trump, who will provide support for the company’s broader Bitcoin strategy.

The Trump administration has also created two separate programs to manage digital assets seized from criminals, one of which is the Strategic Bitcoin Reserve, while another program focuses on cryptocurrencies seized by U.S. Customs and Border Protection.