Japanese Investment Firm Metaplanet Continues to Buy Bitcoin! Here's the Latest Amount of BTC Purchased

Tokyo-based investment firm Metaplanet, as part of the long-term bullish outlook on the cryptocurrency, accelerated its Bitcoin buying strategy by purchasing 13.4 million dollars worth of BTC.

Metaplanet Added 13.4 Million Dollars to Bitcoin, Increased Assets to 2,391 BTC

In the latest acquisition announced on Twitter on Monday by Metaplanet CEO Mark X, the company purchased 156 BTC at an average price of 85,890 dollars per Bitcoin, approximately 2 billion yen, equivalent to about 13.4 million dollars, under the former name of (.

This brings the company's total assets to 2,391 BTC worth 196.3 million dollars and an average purchase price of 82,100 dollars per Bitcoin.

Since Metaplanet announced its Bitcoin buying strategy in April 2024, there has been a frenzy of buying Bitcoin. The company has since solidified its commitment to digital assets by defining Bitcoin treasury operations as a core business unit.

Last week, Metaplanet announced that it made a purchase of 135 BTC and set ambitious goals such as accumulating 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

Stock Price Increased in the Middle of the Crypto Rally

Following the announcement, Metaplanet's shares rose by 21.15% to close at 4,010 yen on Monday, getting caught in a broader wave of cryptocurrency market rally. Japan's Nikkei 225 index also gained 1.7% during the day.

As institutional interest in Bitcoin continues to grow, Metaplanet's aggressive accumulation strategy indicates an increasing trust in cryptocurrency as a long-term store of value and investment asset.