Bitcoin News Today: Metaplanet Adds 463 BTC Boosting Holdings to $1.78 Billion

Metaplanet, a Japanese Bitcoin treasury firm, has added 463 BTC to its holdings, amounting to $53.7 million, to further solidify its position as one of the largest institutional Bitcoin holders in the world [1]. The latest purchase, made at an average price of $115,895 per bitcoin, brings the company’s total Bitcoin holdings to 17,595 BTC, valued at approximately $1.78 billion at the time of acquisition [1]. This makes Metaplanet the seventh-largest corporate Bitcoin holder globally, according to data from Bitcointreasuries [1].

The acquisition follows the company’s announcement on Friday of plans to raise up to ¥555 billion ($3.7 billion) through the issuance of new perpetual preferred shares, a move aimed at funding continued Bitcoin purchases and expanding its digital asset portfolio [1]. CEO Simon Gerovich emphasized that the goal is to increase Bitcoin per share over time, leveraging capital-raising tools to maximize long-term shareholder value [1]. This strategy aligns with broader trends in institutional adoption, as more corporations view Bitcoin as a strategic asset for diversification and risk management [1].

Bitcoin’s price showed slight recovery in the 24 hours prior to the announcement, trading up 0.8% at $114,645 [1]. While the market remains volatile, Metaplanet’s continued accumulation suggests a long-term bullish stance, particularly in a landscape where Bitcoin is increasingly seen as a store of value and hedge against macroeconomic uncertainty [1]. The firm’s total holdings now represent over $2 billion at current market prices, reinforcing its commitment to digital assets as a core component of its treasury strategy [1].

The company’s move places it among a growing list of major institutional Bitcoin holders, including firms like MicroStrategy and Bitcoin Standard Treasury Company [1]. The competitive nature of institutional accumulation highlights the maturation of Bitcoin as an asset class, with corporations increasingly treating it as part of their financial planning rather than a speculative play [1]. Metaplanet’s approach also reflects a broader shift in corporate treasury management, where digital assets are being integrated into traditional investment portfolios [1].

With Bitcoin currently trading near $114,400, according to CoinGecko, the market remains in a consolidation phase amid broader macroeconomic uncertainty [2]. Analysts have remained cautious, with some forecasting potential downside risks due to geopolitical and economic factors. However, the continued institutional buying indicates a level of confidence that may help stabilize the market during periods of volatility [1].

Source:

[1] Bitget https://www.bitget.com/news/detail/12560604893897

[2] CoinGecko https://www.coingecko.com/en/coins/bitcoin/usd