Metaplanet Inc., a Japanese investment company, has increased its aggressiveness Bitcoin The crypto market is currently experiencing a decline.
Tokyo based company announced that it had acquired 497 BTCs for $43.9 Million, which is in line with its goal to acquire 10,000 BTCs by 2025.
Metaplanet now has 2,888 BTC worth around $240m at current exchange rates, thanks to its purchase of Bitcoin at an average cost of $88,448 a coin.
The company’s stock rose by over 20% to $27.08 (¥4,045.00), following the announcement of its Bitcoin acquisition, according to Yahoo Finance.
*Metaplanet Purchases Additional 497 $BTC* pic.twitter.com/HActZWEduo
— Metaplanet Inc. (@Metaplanet_JP) March 5, 2025
Metaplanet’s latest purchase comes at a time when Bitcoin prices are volatile. They dropped to $83,000 this week, after U.S. president Trump announced tariffs against Canada, Mexico and China.
Simon Gerovich, CEO of Metaplanet, announced that the BTC yield for 2025 has risen to 45.1%. This is well over its target yield of 35% per quarter.
BTC Yield is the percent change of Bitcoin totals to shares fully diluted.
The firm’s drive to acquire Bitcoin for its holdings mirrors that of Michael Saylor’s Strategy, with Metaplanet now holding over 0.01% of Bitcoin’s total supply—placing it among the top 15 largest corporate Bitcoin holders globally.
It has announced that it will raise $745,000,000 through a fundraising program in moving strike warrants at 0% discount. “Asia’s largest raise” ever.
Taxes cool the crypto-reserve hype
The President’s proposed strategic crypto reserve caused a short rally for Bitcoin and other cryptos. However, the new tariffs imposed on major trade partners soon deflated this hype.
Bitcoin has seen a modest recovery since Wednesday morning. According to CoinGecko, Bitcoin rose 7.2% in the overnight period to close at just over $90,000.
“Looking ahead, if the Federal Reserve's rate cuts are substantial enough, there is still hope for a considerable market opportunity this year,” Tracy Jin told us that MEXC’s COO, Tracy Jin, is the CEO of its crypto exchange. Decrypt. “Medium to long-term investors can consider buying the dip, but they should closely monitor key support levels and changes in macroeconomic policy.”