Japanese publicly traded firm Metaplanet has entered the crypto market for the ninth time this year with over $68 million (10.152 billion yen). On Monday, it scooped up about 696 bitcoin (BTC) to mark its largest purchase in history, boosting its portfolio past the 4,000 BTC mark.
The Asian company has been on a bitcoin purchase streak since February, regularly boosting its portfolio and cementing its position as the leading Asian crypto firm. Little wonder it has gained itself the name Japanese Strategy as its BTC purchase pattern follows in the footsteps of America’s first corporate BTC investor, Strategy.
4,046 BTC Bagged
Concluding Q1 2025, Metaplanet holds about 4,046 BTC. Remarkably, this comes just 11 months after it adopted Bitcoin as a reserve asset to hedge against the Japanese Yen devaluation in May 2024.
Since the company spread its acquisitions across varied market conditions and price ranges, it has attained an average purchase price of $86,790 per BTC. At the spot Bitcoin price of $84,000, the portfolio is valued at approximately $340 million.
To raise funds for future BTC purchases, Metaplanet revealed plans to issue its 10th series of ordinary bonds. If completed, the bonds will raise $13.3 million (2 million Japanese Yen) and bear no interest.
Big Firms Stack BTC
Starting the new business week, Strategy has announced a massive 22,048 BTC addition to its portfolio. The company spread the acquisition across seven days to achieve an average purchase price of $86,969 per BTC. It spent about $1.92 billion on this purchase and has boosted its Bitcoin bag to 528,185 BTC, approximately 2.5% of the fixed 21 million BTC supply.
Recent reports from CryptocurrenciesToWatch noted that the world’s largest stablecoin issuer, Tether, has continued to cement its position as a BTC investor. On the last day of Q1 2025, it bought 8,888 BTC for $745 million. Currently, Tether holds 100,521 BTC, approximately 0.5% of the total fixed bitcoin supply, valued at over $8.4 billion.
Meanwhile, BTC showed a few bullish signals on Tuesday as investors gear up for a highly anticipated bull run. The apex coin leaped by over 3% to surpass the $84,000 mark.
