Metaplanet Buys More Bitcoin! Institutional Sentiment Pushes BTC Upwards

In a bold move signaling increasing institutional confidence in cryptocurrency, Japanese investment firm Metaplanet has added 330 more Bitcoin to its portfolio, now worth over $28 million. 

This acquisition brings the Tokyo Stock Exchange-listed company’s total holdings to 4,855 BTC, valued at approximately $422 million.

Metaplanet’s Bold Bitcoin Strategy

Metaplanet's CEO, Simon Gerovich, shared on social media platform X that the company has spent a staggering $414.5 million acquiring Bitcoin at an average price of $85,386 per coin. 

The company, which also owns a hotel business, has positioned itself as one of the leading institutional investors in digital assets.

Known as "Asia’s MicroStrategy," Metaplanet's approach mirrors that of the U.S.-based software giant MicroStrategy, which transformed itself from a software company to a Bitcoin treasury. 

Both firms now offer investors exposure to the largest cryptocurrency, Bitcoin (BTC), through publicly traded shares.

Also Read: New Bitcoin Purchase! How Strategy is Pushing Bulls

The Surge in Bitcoin’s Price and Institutional Involvement

Bitcoin has recently seen a surge in its price, changing hands at around $87,200, marking a 2.8% increase over the past 24 hours. The cryptocurrency has also climbed nearly 35% in the past year, showcasing its growing appeal among institutional investors.

Metaplanet’s decision to acquire more Bitcoin comes just eight days after its last purchase of 3.78 billion yen (around $26.3 million), continuing its strategy of amassing the cryptocurrency. 

The company’s mission extends beyond simply acquiring digital assets. Gerovich emphasizes that Metaplanet is dedicated to pioneering a future where finance meets innovation, positioning the company as a forward-thinking leader in the digital economy.

Also Read: How to Buy Bitcoin (BTC) - Bitrue

Rising Corporate Bitcoin Holdings

Metaplanet isn’t alone in its Bitcoin acquisition strategy. Another major player, MicroStrategy, continues to lead the pack with over 538,000 BTC, making it the largest corporate holder of Bitcoin globally. 

In a recent announcement, MicroStrategy revealed it had added $555 million worth of Bitcoin to its holdings, pushing the company’s total Bitcoin portfolio to an astounding $47 billion.

Meanwhile, smaller companies are following in the footsteps of Metaplanet and MicroStrategy, increasingly integrating Bitcoin and other cryptocurrencies into their balance sheets in hopes of enhancing their stock value.

Also Read: Can Bitcoin Save the US Debt Condition?

The Impact on Metaplanet's Stock

Despite its Bitcoin buying spree, Metaplanet's stock price experienced a slight 1% dip following the announcement of its latest acquisition. 

However, since the company’s first purchase of Bitcoin in 2024, its stock has skyrocketed by an impressive 1,200%. This meteoric rise underscores the market’s strong belief in Metaplanet’s strategy of embracing digital assets.

Metaplanet’s Strategic Moves

In a move that adds further intrigue to its corporate developments, Metaplanet recently appointed Eric Trump, the son of former U.S. president Donald Trump, to its newly-formed Strategic Advisory Board. 

With his background in business and a personal passion for Bitcoin, Eric Trump’s appointment is expected to bolster Metaplanet’s expansion in the digital asset space.

Conclusion

Metaplanet’s increasing Bitcoin purchases reflect growing institutional interest in the digital asset space, a trend that has been gaining momentum in recent years. 

As more companies follow suit and integrate Bitcoin into their portfolios, the future of cryptocurrency in the institutional sector looks increasingly bright.

FAQ

Why is Metaplanet buying Bitcoin?

Metaplanet is purchasing Bitcoin as part of its long-term strategy to embrace digital assets and position itself as a leader in the evolving financial landscape. The company believes in the transformative potential of blockchain and Bitcoin as a store of value.

How much Bitcoin does Metaplanet own now?

As of now, Metaplanet owns 4,855 BTC, worth approximately $422 million.

What is the average price Metaplanet paid for its Bitcoin?

Metaplanet acquired its Bitcoin at an average price of $85,386 per coin.

What other companies are buying Bitcoin?

In addition to Metaplanet, MicroStrategy is a prominent player in the corporate Bitcoin buying space, with over 538,000 BTC in its holdings. Other smaller companies are also beginning to include Bitcoin in their balance sheets.

How has Metaplanet’s stock been performing?

Since Metaplanet began buying Bitcoin in 2024, its stock has risen by over 1,200%, though it saw a slight dip of 1% after the announcement of its latest Bitcoin acquisition.

Who is Eric Trump, and why did Metaplanet appoint him?

Eric Trump, the son of former U.S. President Donald Trump, was appointed to Metaplanet's Strategic Advisory Board. His appointment is expected to leverage his business expertise and passion for Bitcoin to help guide the company’s growth in the digital asset space.

What are the future prospects for Metaplanet and Bitcoin?

With increasing institutional interest in Bitcoin, Metaplanet is well-positioned to continue growing as a significant player in the cryptocurrency market. The company’s strategy aligns with broader trends of institutional adoption of digital assets, which is expected to drive Bitcoin’s value and broader market growth.