Metaplanet Increased Its Bitcoin Reserves by Buying 135 BTC Worth $13 Million

Simon Gerovich-run Japanese company has continued to add to its Bitcoin holdings since taking it on as a treasury investment in April 2024.

Metaplanet Inc (TYO:6563) has disclosed in a recent filing that it has purchased 135 BTC for $13 million, bringing its total Bitcoin holdings to 2,225 BTC valued at more than $205 million.

The Japanese company, managed by Simon Gerovich, has been consistently adding to its Bitcoin portfolio since introducing it as a treasury investment in April.

Despite the ongoing market volatility, Metaplanet’s BTC return, calculated as the percentage change in Bitcoin balances over diluted shares, has increased by 23.3% quarter to date. This positions the company on track to achieve its Q1 target of 35%.

Furthermore, El Salvador's National Bitcoin Office has disclosed on X, formerly Twitter, that the country has bought 7 BTC for $656,700. This acquisition occurred on February 24 when Bitcoin was trading at around $94,050.

This new addition brings El Salvador's total Bitcoin holdings to 6,088 BTC, valued at approximately $560.7 million at current prices.

These buys come just ahead of the price of Bitcoin crashing below $91,000 in early morning trading on Friday, February 25. In 10 hours, Bitcoin fell by 5%, pushing the market mood to its weakest level in more than five months.

The downward move continued, with Bitcoin dropping further to about $89,663. As of the last check, BTC is still in the red and fell by 3.05% in the previous 24 hours and trades at $86,580.

Data from BitcoinTreasuries.NET ranks Metaplanet as the fourteenth-largest corporate Bitcoin holder worldwide. Meanwhile, El Salvador remains the most significant government entity actively accumulating Bitcoin, sticking to its strategy even amid market trends.

The most recent drop in Bitcoin came with former U.S. President Donald Trump’s ( @realDonaldTrump ) confirmation that the U.S. will keep in place a 25% import tariff from Canada and Mexico.

Immediately after his declaration, cryptocurrency markets crashed through the floor, which serves further to bear witness to the growing significance of global economic policy in determining digital asset markets.