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Cryptocurrency News Articles
Metaplanet Inc. (Tokyo: 3350) Buys the Dip, Stash 150 BTC Worth $12.5M
Mar 19, 2025 at 10:58 am
The mid-cap company with a valuation of around ¥175 billion has purchased an additional 150 BTC.
Tokyo-listed company Metaplanet Inc. (Tokyo:3350) has purchased an additional 150 BTC, bringing the total to 3,200 BTC.
The mid-cap company, with a valuation of around ¥175 billion, has bought 150 BTC for ≈$12.5 million at an average price of $83,508 per BTC.
CEO Simon Gerovich announced that Metaplanet has achieved a BTC Yield of 60.8% YTD 2025 and acquired 150 BTC for ≈$12.5 million at ≈$83,508 per bitcoin.
As of 3/18/2025, they hold 3200 $BTC acquired for ≈$266.2 million at ≈$83,188 per bitcoin.
Since the beginning of the year, Metaplanet has been focused on accumulating Bitcoin, a strategy that has seen the company’s BTC growth rate reach 60.8%.
According to a Coinpedia report, Metaplanet is aiming for 10,000 BTC by the end of 2025 and plans to double that amount by the end of 2026.
The company is funding these Bitcoin purchases through a combination of debt, equity issuance, and operating income.
Metaplanet’s focused approach on Bitcoin has attracted over 50,000 shareholders and has seen support from Strategy (formerly MicroStrategy).
On March 18, 2024, the company also announced the issuance of ¥2 billion in zero percent bonds to further its Bitcoin purchases.
Institutional Demand Continues to Rise
The price of Bitcoin continues to rise as demand from institutional and sovereign investors, who are using BTC as part of their financial strategy, increases.
According to data from bitcointreasuries.net, there are now around 170 entities that collectively hold more than 3.1 million BTC.
With Bitcoin’s supply diminishing due to the halving mechanism and demand continuing to rise, the long-term trend for BTC remains bullish.
In addition, Bitcoin’s price movements are now increasingly aligned with gold, which recently set a new record high and entered the price discovery phase.
As more institutions accumulate Bitcoin while the supply continues to shrink, market conditions seem to be setting up for some significant price movements in the near future.
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- Carl Erik Rinsch, director of the film 47 Ronin starring Keanu Reeves, has been charged with defrauding Netflix to buy cryptocurrencies and stocks.
- Mar 20, 2025 at 02:31 am
- Rinsch, a Hollywood director and screenwriter, was arrested and indicted on fraud charges tied to an $11 million agreement with Netflix for a science fiction TV series called “White Horse.”
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