Bitcoin News Today: Metaplanet Adds 790 Bitcoin, Total Holdings Reach 17,130 BTC Valued at $2B

Japanese investment firm Metaplanet has added 790 Bitcoin to its corporate treasury, increasing its total holdings to 17,130 BTC, valued at over $2 billion at the current price of $118,761 per coin [1]. The purchase, disclosed in a company announcement, reinforces Metaplanet’s status as the sole non-U.S. entity among the top 10 corporate Bitcoin holders, according to BitcoinTreasuries.NET data [2]. This acquisition follows a strategic shift by the firm to position Bitcoin as a core component of its long-term capital allocation plan.

The latest transaction involved an average purchase price of approximately $118,145 per BTC, totaling $92 million in recent spending. Cumulatively, Metaplanet has invested $1.7 billion in Bitcoin, achieving an average cost basis of $99,640 per coin [2]. The firm’s holdings now represent 0.086% of the circulating Bitcoin supply (19.898 million BTC) and account for 0.85% of Bitcoin’s fully diluted valuation ($2.36 trillion) [1]. This scale of exposure places Metaplanet as the seventh-largest Bitcoin treasury globally, trailing only entities like MicroStrategy, which holds 607,770 BTC worth over $72 billion [2].

The move aligns with broader trends of institutional adoption in the cryptocurrency market. Bitcoin’s 24-hour price increased by 0.75% to $118,171, slightly above Metaplanet’s latest purchase price [2]. While the firm’s strategy mirrors that of U.S.-based corporate treasuries, its approach is tailored to Japan’s regulatory environment. CEO Simon Gerovich emphasized the development of a “Japan-native model” compliant with local tax-free savings accounts, distinguishing the firm from global counterparts [2]. The company’s stock has surged 517% over the past year, reflecting strong investor confidence in its digital-asset strategy [2].

Market analysts highlight the potential influence of large-scale institutional purchases on Bitcoin’s price dynamics. The 24-hour trading volume for Bitcoin remains robust at $37.3 billion, indicating sustained institutional and retail activity [1]. However, Metaplanet’s latest acquisition did not immediately trigger significant price movements. Bitcoin’s 7-day performance shows a 0.2% decline, contrasting with a 10.6% monthly gain [1]. This suggests that while institutional inflows remain a bullish factor, broader macroeconomic conditions and market sentiment continue to play a decisive role.

Metaplanet’s treasury strategy includes plans to leverage its Bitcoin reserves for acquiring cash-generating businesses, potentially including a digital bank in Japan [2]. The firm’s gradual accumulation of Bitcoin since 2023 has positioned it as a key player in the corporate adoption narrative. At $118,761 per BTC, its total holdings are valued at $2.04 billion, calculated using CoinGecko’s latest data [1]. This valuation represents a 17.4% underperformance relative to the wider cryptocurrency market over the past month, yet institutional demand persists despite retail outflows.

The company’s actions underscore a growing trend of viewing Bitcoin as a strategic asset rather than speculative collateral. By diversifying into Bitcoin, Metaplanet aims to hedge against macroeconomic risks, including inflation and currency depreciation. Its purchase also reflects confidence in Bitcoin’s historical resilience, as the asset has consistently rebounded from sharp corrections during periods of high demand.

Source:

[1] CoinGecko. "BTC to USD: Bitcoin Price in US Dollar." https://www.coingecko.com/en/coins/bitcoin/usd

[2] Cointelegraph. "Metaplanet adds 790 Bitcoin, now holds 17,130 BTC worth over $2B." https://cointelegraph.com/news/metaplanet-expands-bitcoin-treasury-17132-btc