Tokyo-based Metaplanet has acquired an additional 330 Bitcoin (BTC), valued at $28.2 million, marking its third purchase this month.
The acquisition, executed at an average price of 12.18 million Japanese yen ($85,605 per BTC), comes amid market volatility spurred by U.S. tariff measures.
*Metaplanet Purchases Additional 330 $BTC* pic.twitter.com/Gkjp7wUi4S
— Metaplanet Inc. (@Metaplanet_JP) April 21, 2025
Despite these uncertainties, Metaplanet’s aggressive accumulation strategy positions it as Asia’s largest corporate Bitcoin holder and the tenth globally.
The latest purchase aligns with a notable market uptick, as Bitcoin rallied above $87,000 for the first time since April 2.
This surge provided a favorable backdrop for Metaplanet’s acquisition, reinforcing its confidence in Bitcoin as a long-term store of value.
Metaplanet embarked on its Bitcoin accumulation journey back in April 2024, a period marked by both market optimism and turbulence.
The company appears to have remained undeterred by recent downturns, particularly those triggered by U.S. tariff announcements that rattled global markets.
In April alone, Metaplanet acquired 809 BTC, demonstrating its resolve to meet its ambitious year-end target of 10,000 BTC.
With its latest purchase, the company now holds 4,855 BTC, acquired at an overall average price of $89,928 per Bitcoin.
This strategic focus on Bitcoin reflects Metaplanet’s belief in the cryptocurrency’s potential to hedge against economic uncertainties, including inflation and currency depreciation.
By allocating significant capital to Bitcoin, the company is diversifying its treasury assets, a move increasingly adopted by corporations worldwide.
Metaplanet’s holdings place it among a growing group of institutional investors, trailing only a handful of global firms like Strategy and Marathon Digital (now MARA) in corporate Bitcoin ownership.
The company’s disciplined acquisition strategy has drawn attention in the crypto community, particularly in Asia, where institutional adoption of Bitcoin remains relatively nascent.
Metaplanet’s leadership has emphasized that its purchases are part of a broader vision to integrate Bitcoin into its financial framework, viewing it as a resilient asset in an unpredictable economic landscape.
This approach has resonated with investors, boosting Metaplanet’s profile as a seemingly forward-thinking firm.
However, Metaplanet’s aggressive Bitcoin strategy is not without risks.
The cryptocurrency market is extremely volatile, and external factors, such as regulatory shifts or macroeconomic policies like U.S. tariffs, could impact Bitcoin’s price trajectory considerably (and it already as to a great extent as industry observers have witnessed during the first quarter of 2025).
Critics argue that the company’s significant exposure to a single asset could pose challenges if market conditions deteriorate.
Yet, Metaplanet’s consistent purchases during dips suggest a long-term conviction that outweighs short-term fluctuations.
As Metaplanet continues its Bitcoin accumulation, it is hoping to play a pivotal role in shaping corporate adoption in Asia.
With 4,855 BTC in its treasury and a roadmap to reach 10,000 BTC by year-end, the company is not only betting on Bitcoin’s future but also setting a precedent for others in the region (but it remains uncertain whether others will follow given the heightened risk of digital assets like Bitcoin – which still trades more like a tech stock than safe-haven assets such as gold).
Its journey underscores the fast-growing intersection of traditional finance and decentralized assets, marking a significant development in the evolution of corporate treasury management.