After a two-month-long purchase break, Japanese publicly traded company Metaplanet has gone BTC shopping for the first time. Concluding its latest purchase, it has added 269 bitcoins to its stash to surpass the 2000 BTC mark. Remarkably, it spent about $26.4 million.
Following the Yen devaluation, the company adopted bitcoin as its major reserve asset to shield itself from the dangling economy. Remarkably, the company’s decision has paid off as it has attracted many crypto-inclined investors, resulting in a rise in its stock price.
2031.4 BTC Bagged
Since adopting a BTC reserve, Metaplanet has gone bitcoin shopping 20 times, acquiring 2031.4 BTC at varied market prices to attain an average price of approximately $80,700 per BTC, spending about $164.1 million.
By the bitcoin spot price of $96,000, the company’s holdings are valued at $195 million, with over $30 million in profits in less than a year.
As revealed in the company’s official release, it has achieved a 15.3% BTC Yield between January 1 2025 and February 17 2025, amid the wavering crypto market. Moreover, moved by its BTC holdings, the company’s stocks recently soared by over 4000%.
Japanese MicroStrategy
Metaplanet’s bitcoin success has earned it the nickname “Japanese MicroStrategy” or “Asia’s MicroStrategy.” It has trailed in the same path as American business intelligence firm MicroStrategy, which recently rebranded to Strategy.
Strategy opened the door of institutional bitcoin investment in 2020 and has continued on the path to date. Led by its pro-bitcoin chairman, Michael Saylor, the company embarked on a 12-week bitcoin purchase streak between November 2024 and January 2025. It acquired about 7,633 bitcoins last week and now holds almost 500,000 BTC.
Following in the same footsteps is the American healthcare firm Semler Scientific. Standing strong on the bitcoin side, the company holds over 3,000 BTC and did not pause even when its mentor, Strategy, took a week’s break from BTC shopping.
Meanwhile, the crypto market has not been favorable within the last few weeks as the leading coin, BTC, dropped below the $96,000 mark, dragging other tokens along in its downtrend.
