Metaplanet Increases Bitcoin Holdings to $414M with New Purchase

Japanese investment firm Metaplanet has increased its Bitcoin holdings to over $400 million after purchasing 330 BTC for $28.2 million. Its total assets now amount to 4,855 BTC, and the firm’s yield has surpassed 119% year-to-date. Metaplanet plans to reach 21,000 BTC by 2026, aiming to foster Bitcoin adoption in Japan, amidst a growing institutional presence in the Bitcoin market.

Metaplanet, a Japanese investment firm, has significantly boosted its Bitcoin holdings, surpassing $400 million following a recent acquisition. The firm purchased 330 Bitcoin (BTC) for $28.2 million, averaging $85,605 per BTC. This transaction increased Metaplanet’s total Bitcoin holdings to 4,855 BTC, now valued at $414 million, as reported by CEO Simon Gerovich on April 21.

The firm’s Bitcoin yield has impressively exceeded 119% year-to-date after this recent investment. To fund this purchase, Metaplanet issued 2 billion Japanese yen ($13.3 million) in bonds on March 31, as noted by Cointelegraph. Additionally, Metaplanet is now recognised as Asia’s largest and the 10th largest corporate holder of Bitcoin globally, according to Bitbo data.

Market analyst Enmanuel Cardozo from Brickken highlights that the increasing institutional participation by firms like Strategy and Tether is energizing the Bitcoin cycle. He anticipates that this could lead to a market bottom around Q3 of this year, with a potential peak by mid-2026. Cardozo suggests that due to the market’s enhanced maturity and liquidity, movements may occur sooner.

Metaplanet aims to accumulate a total of 21,000 BTC by 2026, in line with its goal of promoting Bitcoin adoption within Japan. Often referred to as “Asia’s MicroStrategy,” the firm parallels Michael Saylor’s Strategy, which remains the foremost public Bitcoin holder. Metaplanet’s recent acquisition coincided with Strategy’s purchase of 3,459 BTC for $285.5 million, raising its overall holdings to 531,644 BTC worth a staggering $35.92 billion.

In the face of tariff uncertainty that may constrain the risk appetite of both traditional and crypto investors in the short term, analysts remain optimistic about Bitcoin’s long-term price prospects. Joe Burnett, director of market research at Unchained, forecasts that Bitcoin might exceed $1.8 million by 2035, potentially positioning it to rival gold’s market capitalisation of over $21 trillion, as stated during the Chainreaction live show on X.