Metaplanet Boosts Bitcoin Holdings to 2,000 BTC

Tokyo-based investment firm Metaplanet has continued to accumulate Bitcoin (BTC), with its latest purchase bringing its total holdings to 2,000 BTC. In its latest filing, the firm announced the purchase of 269.43 BTC at an average price of 14,846,322 yen per Bitcoin, which equates to approximately $25.8 million at the current market price. With this purchase, Metaplanet now holds 2,031.41 BTC, bought at an average price of 12,243,936 yen per Bitcoin.

Metaplanet's recent purchase of Bitcoin reinforces its commitment to the leading digital asset, despite its short-term volatility. The firm hopes for Bitcoin's future price movement and has previously revealed a strategy to continue buying Bitcoin. In January, Metaplanet announced a plan to issue 21 million new share subscription rights with a 0% discount rate to attract 116 billion JPY (roughly $745 million), which would mark one of the largest Bitcoin purchases in Asian markets' history.

Metaplanet aims to hold 10,000 BTC in its Bitcoin reserve by the end of 2025 and double its target to 21,000 BTC by the end of 2026. If achieved, this goal would solidify Metaplanet's position as one of the leading global corporate holders of Bitcoin.

The price of Bitcoin is currently moving downward amid a pessimistic outlook in the broader market, declining by 1.24% to trade at $96,119 within 24 hours. However, the trading volume is up 28.8% to $20.2 billion, suggesting rising investor interest. Market experts believe the prospects of BTC are positive, considering the massive institutional adoption. Firms like Strategy, Semler Scientific (NASDAQ:SMLR), and Riot Platform continue to double down on new Bitcoin purchases.