Japanese Firm Metaplanet Expands Bitcoin Treasury to $380 Million Amid Market Downturn
Metaplanet Inc., a Tokyo-based publicly traded company, has significantly increased its Bitcoin holdings, acquiring an additional 319 BTC. This strategic move brings its total Bitcoin treasury to 4,525 BTC, valued at approximately 58.1 billion yen ($380 million). The latest purchase was executed at an average price of 11.8 million yen per Bitcoin, demonstrating the firm’s continued confidence in the long-term value of the cryptocurrency. Despite broader market volatility and a crypto downturn, Metaplanet’s stock has remained resilient, posting a 0.57% gain year-to-date. The company’s consistent accumulation of Bitcoin highlights its commitment to leveraging digital assets as a core part of its treasury strategy. As one of the few publicly listed firms in Japan with substantial Bitcoin holdings, Metaplanet’s actions may signal growing institutional interest in cryptocurrency as a hedge against traditional market risks. The firm’s steady performance amid market fluctuations could also indicate investor approval of its Bitcoin-focused treasury policy. With this latest acquisition, Metaplanet further solidifies its position as a corporate leader in Bitcoin adoption within the Japanese market.
Japanese Firm Metaplanet Boosts Bitcoin Treasury to Over $380 Million
Metaplanet Inc., a publicly listed Japanese firm, has announced it has added 319 more Bitcoin to its balance sheet, bringing its total Bitcoin stash to 4,525 BTC, worth approximately 58.1 billion yen. The purchase was made at an average price of 11.8 million yen per BTC. Despite the crypto downturn, Metaplanet’s stock has shown steady performance this year, with a 0.57% gain. With each new acquisition, Metaplanet strengthens its position in the crypto space, signaling strong confidence in BTC’s future value.
BTC Flat as White House Pushes Mixed Messages on Technology Tariffs
Bitcoin (BTC) is flat as East Asian markets open for the week, trading above $84K. The White House presents mixed messages on semiconductor and technology component tariffs. Commerce Secretary Howard Lutnick stated that the exemption of items like smartphones, computers, and semiconductors from tariffs was temporary. President Trump later confirmed that the tariff rate would be announced next week with some flexibility. BTSE COO Jeff Mei noted that the market saw a rebound as popular consumer electronics categories were exempted from the 125% tariffs on China.
Metaplanet Adds 319 More Bitcoin, Boosting Total Holdings to 4,525 BTC
Metaplanet has just expanded its Bitcoin stash by buying an additional 319 BTC worth $26.3 million. This latest purchase brings the company’s total Bitcoin holdings to 4,525 BTC. The move highlights Metaplanet’s growing confidence in Bitcoin as a long-term store of value. As more companies turn to Bitcoin as a treasury asset, Metaplanet continues to lead the charge, showing a strong commitment to the crypto space and its future potential.
Japan’s Metaplanet Buys Another $26M in Bitcoin
Metaplanet, the Tokyo-listed firm dubbed “Asia’s MicroStrategy,” has increased its Bitcoin holdings with a fresh 3.78 billion yen ($26.3 million) purchase amidst tension over U.S. trade tariffs. The company acquired 319 BTC at an average price of 12,849,780 yen ($82,549) per coin, bringing its total holdings to 4,525 BTC. Metaplanet aims to boost its Bitcoin holdings by 470%, targeting 10,000 BTC by year-end. The purchase occurred as Bitcoin dropped more than 2% on Sunday during Asia trading hours due to geopolitical pressure.
Bitcoin Hits $85K, Will Bulls Push Toward $97K Next?
Bitcoin surged to an all-time high of $85,000 on April 14 before easing off. There was a 15.8% rise in Binance open interest, which ROSE by $1.2 billion over 24 hours. Bitcoin is resistance between $96,000 to $84,000, suggesting possible continuation on an upswing. The cryptocurrency continued its upward trajectory over the weekend, briefly hitting a record high before a slight pullback as investors locked in profits. Attention now shifts to the psychological barrier at $97,000. Analysts argue that a breakout above it could confirm a new bullish phase for BTC. However, if Bitcoin fails to breach it, the crypto could remain stuck within its current trading zone, limiting future gains in the short term.