Metaplanet Embraces Bitcoin, Saylor Takes Notice

Generated by AI AgentCoin World
Wednesday, Mar 5, 2025 8:13 am ET1min read
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Michael Saylor, the prominent Bitcoin advocate and executive chairman of MicroStrategyMSTR--, has recently drawn attention to another company following a similar Bitcoin-focused strategy. Japan-based Metaplanet Inc. has been consistently acquiring BTC to add to its balance sheet, mirroring MicroStrategy's approach.

In a recent tweet, Metaplanet's CEO, Simon Gerovich, announced that the company had purchased 497 Bitcoins worth approximately $43.9 million, with an average price of around $88,448 per Bitcoin. Additionally, he revealed that since the beginning of 2025, Metaplanet has achieved a Bitcoin yield of 45.1% year-to-date for its shareholders. As of March 5, the company holds 2,888 BTC, which they bought for roughly $240.2 million at an average price of $83,172 per BTC.

Michael Saylor retweeted Gerovich's post, adding his own comment: "Metaplanet is bringing BTC Yield to Japan."

Meanwhile, MicroStrategy has paused its regular and large-sized Bitcoin acquisitions. As of March 2, the company holds 499,096 BTC, valued at over $46 billion in fiat. Last week, MicroStrategy completed an investment offering, raising a record $2 billion from shareholders, which included a $2 billion worth of Bitcoin acquisition. However, no new Bitcoin purchases have been announced this week, sparking some concerns among Bitcoin enthusiasts.

Over the last day, Bitcoin has experienced a significant recovery of roughly 7.44%, rising from $82,760 to $88,360, where it is currently trading. This recovery follows an 11.7% price crash that occurred earlier this week between March 3 and March 4, during which the level of liquidations on the crypto market reached a staggering $1 billion.

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