Metaplanet Inc., a well-known Japanese company that leverages Bitcoin as a core financial strategy by integrating it into its treasury operations, has announced the acquisition of an additional 150 Bitcoins (BTC) as a part of its strategic investment plan. This was disclosed through an official notice released today on social media platform X (formerly known as Twitter).
With this purchase, the company’s total Bitcoin holdings is at 3,200 BTC, with an aggregate cost basis of ¥40.331 billion and average purchase price of ¥12,603,303 per Bitcoin.
Metaplanet Purchase Details
The crypto market has experienced a downfall since the month of February and the price of the BTC token has not been able to cross the $85,000 mark for weeks now. Institutional players are making the most of this this dip.
Metaplanet saw the opportunity and bought these 150 BTCs at an average price of ¥12,526,206 per BTC. The total investment that has been put in with current purchase is worth ¥1.879 billion. Such huge buying indicates the company’s confidence in Bitcoin’s long-term value proposition and its role as a treasury asset.
As per the disclosure, Metaplanet’s Bitcoin Yield (BTC Yield) for the quarter ending March 18, 2025, stands at 60.8%, indicating a significant growth compared to previous periods.
Metaplanet Announces Issuance of 2 Billion JPY in 0% Ordinary Bonds
Just hours ago, Metaplanet also announced the issuance of ¥2 billion in 0% ordinary bonds so that the company can buy more Bitcoins in the future. This is not the first time that the firm has utilized bond issuance for acquiring the BTC tokens, the same steps have been followed previously to boost the company’s BTC holdings.
The company’s goal for 2025 is to increase its BTC holdings to at least 10,000 BTC by the end of this year and for long-term target, the company wishes to increase its BTC holdings to 21,000 BTC by 2026. With the company’s current holdings, the company has already achieved 32% of its target of 10,000 BTC for 2025.
Impact on BTC Price
The acquisition comes amid a market dip, which may contribute to stabilizing Bitcoin prices by increasing the demand of the token in the market. Large-scaling buying by institutional investors usually indicates an increased confidence in the token, which in turn influences the market sentiments positively.
However, there has not been an immediate impact of this move on the price of the BTC token due to broader market dynamics.
At press time, the price of the token stands at $83,350.73 with a dip of 0.1% in the last 24 hours as per CoinGecko.
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