Metaplanet, a Japanese firm often compared to MicroStrategy, has significantly bolstered its Bitcoin reserves by acquiring 1,241 additional BTC for $126.7 million. This latest move brings the company’s total Bitcoin holdings to 6,796 BTC, valued at approximately $608.2 million, with an average purchase price of $89,492 per Bitcoin.
The acquisition is part of Metaplanet’s ongoing strategy to reach its goal of 10,000 BTC by the end of 2026. The firm’s stock price surged 3% following the announcement, continuing an impressive growth trend that has seen its shares rise by 1,700% since mid-2024 and 51% since the beginning of 2025.
CEO Simon Gerovich highlighted that Metaplanet’s BTC investment strategy has delivered a remarkable 170% yield over the past year, positioning it as a strong competitor to MicroStrategy’s Bitcoin-focused strategy. The company’s recent bond issuance plans, including a $25 million offering to fund further Bitcoin acquisitions, emphasize its long-term confidence in BTC’s potential.
In the broader market, Bitcoin’s price has climbed to $105,000, driven by positive developments in US-China trade talks. Analysts are optimistic about the possibility of Bitcoin reaching new all-time highs in the near future.
Bitcoin whales, including a significant investor recently acquiring 1,721 BTC worth approximately $179 million, continue to drive demand. Blockchain analytics firm LookonChain reports that these large purchases, alongside Metaplanet’s latest move, suggest that Bitcoin’s bullish momentum could continue into this week.
With Bitcoin trading at a 10.63% weekly gain and approaching new price milestones, market watchers are eagerly anticipating whether the recent surge in institutional and whale activity will push BTC to new heights in the coming days.
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