Metaplanet Inc has surpassed 5,000 Bitcoin holdings by acquiring 145 BTC, with a target of 10,000 BTC by the end of 2025. Despite this growth, the Bitcoin market shows a divided sentiment among traders, reflecting cautious approaches amidst price fluctuations and consolidation.
Metaplanet Inc, a Japanese investment firm, has made headlines by acquiring a total of 145 Bitcoin (BTC), surpassing its holdings to 5,000 bitcoins. The company aims to reach 10,000 Bitcoin by the end of 2025, highlighting its strategic commitment to digital asset investments amidst growing global adoption.
The latest regulatory filing indicates that Metaplanet purchased these 145 BTC for approximately ¥1.9 billion, equivalent to $13.6 million. This transaction, averaging around ¥13.28 million per coin (just over $93,000), underpins the firm’s aggressive acquisition strategy and bolsters its long-term objective of accumulating Bitcoin.
This acquisition aligns with Metaplanet’s broader initiative known as the 21 Million Plan, which aims for 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. This month alone, Metaplanet has invested around $153 million in Bitcoin through five purchases, significantly augmenting its holdings.
CEO Simon Gerovich has expressed satisfaction over this achievement, positioning Metaplanet as a key player in the global Bitcoin landscape. The firm has raised approximately $745 million since launching its Bitcoin initiative in mid-2024, which they term Asia’s largest capital raise in the sector.
Despite Metaplanet’s aggressive purchasing approach, the overall Bitcoin market appears uncertain. Recent data shows a split among traders, with a ratio of 49.6% long positions against 50.4% short positions. Many market participants are adopting a cautious stance, indicating mixed sentiment as the Bitcoin price fluctuates.
At the time of reporting, Bitcoin was priced at $92,530, down 1.82% over 24 hours. Recent price movements revealed a multi-month high of $94,535, yet traders remain apprehensive as the market consolidates. Metaplanet’s accumulation during this period exemplifies its long-term confidence despite market volatility.
In parallel, other companies, such as Strategy, are also expanding their Bitcoin investments, contributing to the growing interest in holding digital assets corporately. Investors are urged to remain vigilant and consult professionals before making decisions due to the fluid nature of the market.
