A 5% price slump in 10 hours did not deter Japan’s investment firm Metaplanet from stacking 135 Bitcoins to its holdings for at least $12.9 million, continuing with its Bitcoin accumulation strategy.
According to an announcement by the Tokyo-listed firm, it bought its latest stock at an average price of $95,951 per coin. As a result, the company boosted its total Bitcoin holdings to 2,235 BTC, up from 1,761 BTC at the end of last year and 141 BTC at the end of June 2024.
Price the Lowest During the Last Five Months
The latest purchase by Metaplanet came just before the flagship cryptocurrency’s price fell slightly below $91,000 during early trading hours on February 25. However, the price has since rebounded to around $92,000 by the time of writing. Crypto analysts have quickly observed that the price early Tuesday was the lowest during the last five months. The Japan-based firm’s latest purchase brings its total Bitcoin stash to 2,235, worth over $205 million.
With the ongoing Bitcoin accumulation strategy, Metaplanet is now up around 12.7% on its BTC investment when the company formally announced it was adding Bitcoin to its portfolio and embraced it as a treasury asset in April 2024. However, the firm noted that its BTC Yield, referring to the percentage change in the ratio between BTC holdings and diluted shares, was up 23.3% in Q1 2025, meaning it was on track to achieve a 35% target per quarter for Q1. According to data from BitBo’s BitcoinTreasuries.NET data, Metaplanet is currently the world’s 14th largest corporate Bitcoin holder.
A Target of Acquiring At Least 10,000 Bitcoins
Following in the footsteps of Michael Saylor’s Strategy, Metaplanet officially began a Bitcoin accumulation strategy that made the flagship cryptocurrency one of its core business lines. According to the firm’s CEO, Simon Gerovich, the firm has a target of acquiring at least 10,000 Bitcoins by the end of 2025, with plans to push the stack up to 21,000 BTC by the end of 2026. Speaking of the plans at the beginning of the year, Gerovich stated:
“This year, we’re laser-focused on execution and driving even greater value for our shareholders […] the company will explore opportunities to “grow Metaplanet’s impact in Japan and the bitcoin ecosystem.”
El Salvador Took Advantage of the Price Slump
Meanwhile, El Salvador took advantage of the price slump to buy an additional six BTC following its one Bitcoin per day. The El Salvador National Bitcoin Office reported that the latest purchase by the Central American country takes its total Bitcoin stash to 6,088 Bitcoin, worth $560.7 million at current prices.
El Salvador has continued with its Bitcoin accumulation strategy after agreeing to end some Bitcoin policies as part of a $1.4 billion deal with the International Monetary Fund. Among the agreements was to stop making it mandatory for merchants to accept Bitcoin as payment.
Conclusion
Like Strategy, Metaplanet is progressing with its Bitcoin accumulation strategy and aims to achieve the 10,000 target by the end of 2025. Should everything work according to plan, the company’s strategy could become an example for other businesses aiming to include BTC in their balance sheets.
Frequently Asked Questions (FAQs)
Why is Metaplanet acquiring Bitcoin?
Bitcoin is emerging as a leader in a new realm of wealth management, prompting companies to rethink how they invest and manage their assets.
What is the company’s game plan?
The company plans to acquire up to 10,000 BTC by 2025 and achieve a 21,000 BTC target by the end of 2026.
How is the program impacting the crypto market?
The Tokyo-listed company’s decision to make Bitcoin an integral part of its portfolio highlights institutional acceptance, which enhances Bitcoin’s legitimacy as an asset class and could attract more investors to the space.
What is Metaplanet’s endgame?
By diversifying into Bitcoin, the company has positioned itself to benefit from the growing acceptance of digital assets.
Appendix: Glossary to Key Terms
Metaplanet: A Japanese investment firm often nicknamed the “Japanese version of Strategy” for incorporating Bitcoin as a significant asset.
Bitcoin: A cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity.
BTC Yield: The percentage change in the amount of Bitcoin the company owns per share.
Balance sheet: A financial statement containing details of a company’s assets or liabilities at a specific time.
References
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