Key Takeaways:
- Metaplanet has made yet another brilliant acquisition. This time, they bought 156 BTC worth over ¥2.021 billion.
- When considering this recent BTC acquisition, Metaplanet boasts a holding of 2,391 Bitcoin.
- The coin is trading at $93,220.16, registering an uptrend of over 8% from the previous day, maintaining a market cap of over $1.84 trillion.
Metaplanet Plans BTC Acquisition Following Microstrategy
As the market adoption surrounding the original cryptocurrency started to skyrocket, MicroStrategy was the first to pioneer it with its BTC acquisition plan. Following their success, Metaplanet, a hotel development organization, shifted its focus to Bitcoin. By the beginning of Feb 2025, the firm already boasted a holding of 1.76K BTC worth approximately $172 million.
One of the most notable purchases of Metaplanet was the acquisition of 619 BTC. Since this purchase, the coin has managed to gain considerable ground in the market, even reaching a high of $108K in January 2025, which puts the ROI at around 43%. This BTC acquisition is also one of the key reasons behind its rapidly growing shares in the market, which hit a yearly growth rate of 500% in 2024.
MetaPlanet Purchase 156 BTC
Metaplanet, one of the leading Japanese companies that invests in Bitcoin and other cryptocurrencies, has made yet another brilliant acquisition of the original crypto. This time, they bought 156 BTC worth over ¥2.021 billion ($13.44 million). At the time of the purchase, the token was trading at around $86.15K, meaning they are already in profit from this recent acquisition.
When taking into account this recent BTC acquisition, Metaplanet boasts a holding of 2,391 Bitcoin. Out of this holding, 68.59 BTC was bought for $6.6 million at an average price of $96.35K at an average price of $96,335 per token. With this, the firm holds about 0.01% of the total supply of BTC, which is 21 million.
Per the words of Dylan Le Chair, Metaplanet has raised over $20 million in equity capital, and that too in the first 2 trading days of their “21 million plan”. On February 18, 2025, the firm also made plans to execute a 10-1 stock split on the 1st of April, just 8 months after the 1-for-10 reverse split.
Market Sentiment
The recent acquisition of $13.44 million worth of BTC comes at highly volatile and uncertain times. The market has almost crashed 2 times in the last month, following the crypto regulation and BTC fall to $79K. However, the firm’s continued acquisition of the token shows that it believes in the growth potential of the original crypto for the long-term market.
It also depicts the growing trend among institutional investors, who tend to choose BTC as a key asset in their portfolios. With the crypto market growing rapidly, more and more investors are recognizing their true potential and diversifying their portfolios to accommodate highly promising tokens like Bitcoin, which can be underscored by Metaplanet’s expansion of its BTC reserves.
Bitcoin’s Current Market Standing & Future Outlook
BTC is the top dog and most promising coin in the crypto market. As of 23rd March 2025, the coin is ranked #1 on its market capitalization, estimated to be $1.84 trillion with just a circulating supply of 19.83 million tokens. The coin is trading at $93,220.16, registering an uptrend of over 8% from the previous day.
Per various market analysts and technical indicators, the coin is expected to reach a high of $180K by the end of this year. This is calculated based on the current market data and historical price movement of the token, not taking into account the growing interest of the US States to start their Bitcoin Reserves. If these get approved, then the $180 mark means nothing. It could very well shoot past $200k.
