Lucía Peña
Metaplanet, a Tokyo-listed investment firm, has added another $13.4 million worth of Bitcoin to its growing reserves, reaffirming its bullish stance on the leading cryptocurrency.
CEO Mark X announced on X (formerly Twitter) that the company acquired an additional 156 BTC at an average price of $85,890 per Bitcoin, spending a total of 2 billion yen ($13.4 million).
Following this latest acquisition, Metaplanet now holds 2,391 BTC, purchased for a cumulative $196.3 million at an average cost of $82,100 per Bitcoin, according to a company statement released Monday.
Since April 2024, when Metaplanet first adopted its Bitcoin investment strategy, the firm has consistently increased its holdings. Just last week, it acquired 135 BTC, further solidifying its position in the crypto space.
In December 2024, the company officially designated Bitcoin as a core business focus and set ambitious targets to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Metaplanet Stock Rises as Bitcoin Surges Past $94,000
Amid this latest Bitcoin acquisition, Metaplanet’s stock surged 21.15%, closing at 4,010 yen on Monday, aligning with an overall crypto market rally. Meanwhile, Japan’s Nikkei 225 index climbed 1.7% for the day.
Bitcoin itself has seen a 6.5% increase in the last 24 hours, briefly exceeding $94,000 before settling at $91,891, according to PRIME’s price page.
