Japanese investment firm Metaplanet shows increasing support for Bitcoin through another Bitcoin purchase worth $13.3 million. The Tokyo-listed company recently added 160 bitcoins to its holdings at an average purchase price of approximately $83,264 per bitcoin.
The company launched its largest bitcoin purchase, 696 bitcoins, right before acquiring another purchase valued at $13.3 million. This shows its strong dedication to bitcoin investments, as the company swiftly increased its bitcoin acquisition as its central investment objective.
Also Read: Ethereum and Bitcoin Edge Upward Amid Trade Policy Speculation
Strategic Move Positions Firm as Asia’s Top Bitcoin Holder
The latest purchase raises Metaplanet’s total bitcoin holdings to 4,206 BTC, acquired for nearly $359.8 million. However, current market prices undervalue this total investment to $356.2 million, even though the company has invested substantially.
Metaplanet had previously announced it will reach 10,000 bitcoins by 2025 and plan to maintain 21,000 bitcoins by 2026. The firm’s clear strategy highlights its confidence in bitcoin’s long-term potential despite ongoing market volatility.
Currently according to BitcoinTreasuries.net, the company is the ninth-largest publicly traded corporate holder of Bitcoin globally and the most significant corporate Bitcoin holder in Asia. This prominent position underscores the increasing role of cryptocurrency as a critical component of corporate financial strategies.
Metaplanet’s investment approach appears unaffected by short-term market fluctuations moreover Metaplanet shares experienced a slight 1% drop as the company kept adding bitcoins in Tokyo’s morning trading despite the Nikkei 225 index operating at a steady level.
According to The CoinGecko, Bitcoin maintains its constant value by exceeding $85,540 through a 2.4% increase during the last 24 hours. The resilience of bitcoin’s value further emphasizes its growing acceptance and attractiveness among corporate investors globally.
Metaplanet’s persistent financial investments reflect growing business interest in bitcoin as an essential corporate asset which will drive institutional crypto investment acceptance and wider cryptocurrency adoption by the public.
Also Read: Ripple Makes Mysterious Move with 700 Million XRP as Escrow Activity Raises Eyebrows
