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ZyCrypto 2025-03-03 21:45:06

Metaplanet Buys The Bitcoin Dip, Spends $13 Million On Yet Another BTC Buying Spree

Japanese firm Metaplanet has purchased 156 more Bitcoin for its reserve, worth roughly $13.4 million at today’s prices. Taking advantage of the recent decline in prices, it has increased its hoard of the apex cryptocurrency to 2,391 BTC, worth just over $222 million at current prices. The latest purchase comes as Metaplanet explores a potential listing in the United States. Metaplanet Stacks More Bitcoin According to a company disclosure, the Tokyo-listed investment company acquired Bitcoin for $13.4 million at an average price of $85,590 per Bitcoin. This purchase happened after Bitcoin’s price dropped to as low as $83,500 last week following macroeconomic headwinds such as President Trump’s tariffs, which was worsened by the Bybit saga . At the time of writing, Bitcoin is changing hands at $92,858. With Metaplanet’s BTC yield performance showing impressive results — 31.8% year-to-date for 2025 — the firm’s Bitcoin strategy has so far paid off. Meanwhile, Metaplanet CEO Simon Gerovich also revealed that he was recently invited by officials at the New York Stock Exchange and Nasdaq to introduce their platforms and functions. “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich said in an X post. The Road To 21,000 BTC Metaplanet started stacking sats and bulking up its Bitcoin stockpile in April last year. The company adopted Bitcoin as a core part of its financial strategy to hold BTC as a hedge against Japan’s economic difficulties, including sky-high national debt and currency devaluation. The Simon Gerovich-led firm has since established a structured Bitcoin acquisition strategy through capital market activities, including plans to issue $745 million in zero-discount moving strike warrants, in what is dubbed the largest-ever equity capital raise for Bitcoin in Asia. In January, Metaplanet announced that it was planning to amass 10,000 BTC by the end of 2025, followed by an even more aggressive push toward 21,000 BTC by 2026-end. With an average purchase price of $82,100 per BTC, the firm is currently up around 13% on its Bitcoin investment since embracing the maiden crypto as a treasury asset. According to data from BitcoinTreasuries, Metaplanet is now Asia’s second largest corporate Bitcoin holder and the 14th biggest in the world.

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