Japanese Investment Firm Metaplanet Continues to Buy Bitcoin as Bitcoin Approaches ATH Levels! Here is the Latest Purchase Amount

Japanese investment firm Metaplanet has strengthened its aggressive accumulation strategy by adding another 1,004 Bitcoin (BTC) to its corporate treasury, bringing its total assets to 7,800 BTC.

Metaplanet Buys 1,004 More Bitcoins for $104 Million, Bringing Total Assets Near $806 Million

The company announced on Monday that the latest purchase, valued at $104.3 million, was made at an average price of $103,873 per bitcoin. This brings Metaplanet’s total Bitcoin investment to approximately $712.5 million, acquired at an average cost of $91,343 per BTC, according to CEO Simon Gerovich.

At current market prices — with Bitcoin trading at $103,343, according to The Block’s price page — Metaplanet’s BTC stash is currently worth around $806 million.

Often referred to as the “MicroStrategy of Asia” due to its Bitcoin-heavy corporate strategy, Metaplanet began accumulating BTC in April 2024 and has been steadily increasing its purchases in pursuit of its goal of 10,000 BTC by the end of 2025.

The Tokyo-listed firm has primarily funded its bitcoin purchases through a series of bond issues. The $15 million bond issue announced last week was its 15th since launching the crypto-focused strategy.

According to data from Bitcointreasuries.net, Metaplanet is currently the largest publicly traded institutional Bitcoin holder in Asia and 11th globally, falling behind only US-based firms like MicroStrategy, led by Michael Saylor, which maintains its global lead with 568,840 BTC.

The firm’s BTC accumulation strategy appears to be paying off, at least in terms of investor sentiment. Shares of Metaplanet were up 12.2% in Japan on Monday, with trading still ongoing, according to Yahoo Finance.

The purchase comes as Bitcoin continues to trade near all-time highs. While the asset has been relatively sideways over the past 24 hours, it has seen renewed bullish momentum in recent weeks spurred by institutional inflows and strong ETF performance.

*This is not investment advice.