Japan-listed Metaplanet has increased its Bitcoin investments by purchasing 518 BTC for $61.4 million. This translates to a price of $118,519 per bitcoin. The company’s CEO, Simon Gerovich, made this announcement via his X handle earlier today. Currently, Metaplanet has amassed a huge holding of 18,113 BTC, purchased for a total of $1.85 billion, resulting in an average cost of $101,911 per bitcoin.
Metaplanet Shows No Stopping
This acquisition trend follows a series of swift purchases. Recently, on August 4, the company bought 463 BTC for $53.7 million. In June, it also purchased 1,005 BTC for $108 million. With this rapid pace of buying, Metaplanet aims to reach its goal of having 30,000 BTC by the end of 2025.
The Japanese MicroStrategy is buying a lot of bitcoin as more early holders, often called “whales,” sell off their holdings. This has helped to stabilize the markets. Companies like Strategy, which owns 628,946 BTC, and Semler Scientific, with 4,846 BTC, are increasing their purchases.
These institutional investments help absorb some of the extra Bitcoin available due to these sales, pushing up the apex coin near its all-time high with a current price of over $119,000.
Driven by Regulatory Support
The company has already added over 10,000 BTC in just a few months. After pausing in July, however, it is now more committed to Bitcoin, showing its desire to become a major player in the global crypto market.
In Japan, new rules are making it easier for businesses to adopt cryptocurrencies, leading many firms to add BTC to their assets.
Currently, up to 162 public companies reportedly hold a total of 791,662 BTC, showing their growing confidence in using Bitcoin as a solid investment. Metaplanet has a strong strategy that aligns with global investors, highlighting Bitcoin’s growing importance as a corporate asset.
The company is also looking to acquire a digital bank in Japan to connect cryptocurrency more with traditional finance. A significant 345% rise in its stock price in 2025 shows Metaplanet’s strong support for institutional investment in cryptocurrency.
The firm’s long-term “555 Million Plan” aims for an ambitious target of 210,000 BTC by 2027, demonstrating its commitment to Bitcoin. As Bitcoin changes Japan’s financial scene, Metaplanet is leading the way in getting institutions involved with cryptocurrency.
Find Cryptocurrencies to Watch and Read Crypto News on the Go Follow CryptosToWatch on X (Twitter) Now
