Japan Pushes Ahead in Cryptocurrency Arena, Metaplanet Uplifts Bitcoin Holdings
by aria-crypto.com
March 18, 2025 at 10:32
Japan Pushes Ahead in Cryptocurrency Arena, Metaplanet Uplifts Bitcoin Holdings
Japanese investment firm Metaplanet has ramped up its Bitcoin portfolio by acquiring an additional 150 BTC, investing around $12.5 million. The transaction occurred at an average price of $83,508 per Bitcoin, marking a continuation of the company's aggressive accumulation strategy initiated in April 2024. With this latest purchase, Metaplanet's total Bitcoin holdings have increased to 3,200 BTC, valued at approximately $265.9 million. The strategy aims to expand Metaplanet's holdings to 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. To support its cryptocurrency strategy, the firm raised 2 billion yen ($13.3 million) through a bond issuance, allocating these funds entirely to further Bitcoin investments. Despite a slight 0.49% drop in its stock price on the announcement day, Metaplanet's shares have seen a significant 15.8% increase year-to-date, reflecting a 1,819% explosion over the past year. Meanwhile, the broader Japanese market, represented by the Nikkei 225 index, experienced a moderate gain of 1.2%. This bold move by Metaplanet highlights ongoing confidence in Bitcoin despite broader market uncertainties and a recent price pressure that saw the cryptocurrency struggling to stay above $85,000.
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