Japanese investment firm Metaplanet has added 330 more Bitcoin to its balance sheet, spending approximately $28.2 million as it continues to double down on its crypto strategy despite global market turbulence caused by U.S. tariff policy shifts.
The company announced the purchase on Monday, stating it acquired the Bitcoin at an average price of 12.18 million yen—about $85,605 per BTC.
The move marks Metaplanet’s third Bitcoin acquisition in April alone, bringing its total holdings to 4,855 BTC. The firm acquired 319 BTC at an average price of 12.85 million yen ($82,549) per coin last week.
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Metaplanet’s Latest Bitcoin Purchase Aligns with BTC Surge Past $87K
The latest buy coincides with Bitcoin’s rise above $87,000 for the first time since April 2. The cryptocurrency has climbed 2.5% in the past 24 hours and was trading at $87,279 at the time of publication.
Metaplanet first began accumulating Bitcoin in April 2024 and has remained aggressive with its purchases, even as markets reacted negatively to escalating trade tensions.
In April alone, the firm has acquired 809 BTC as it pursues a year-end goal of reaching 10,000 BTC in total.
With its current holdings, Metaplanet is now the largest corporate holder of Bitcoin in Asia and ranks tenth globally. Its average purchase price stands at $89,928 per Bitcoin.
*Metaplanet Purchases Additional 330 $BTC* pic.twitter.com/Gkjp7wUi4S
— Metaplanet Inc. (@Metaplanet_JP) April 21, 2025
Metaplanet’s strategy has mirrored that of Michael Saylor’s firm, Strategy, which has long advocated for Bitcoin as a reserve asset.
Last week, Strategy announced the purchase of 3,459 BTC, boosting its total to 531,644 BTC, even as it reported $5.91 billion in unrealized losses in Q1 2025.
Metaplanet’s stock has responded positively to its Bitcoin bet. As of 1:13 p.m. local time, shares on the Tokyo Stock Exchange were up 0.85%, with the company’s stock price having surged over 1,080% since adopting the strategy last year.
Notably, the company recently appointed Eric Trump, son of US President Donald Trump, to its newly established Strategic Advisory Board, citing his experience in business and growing interest in Bitcoin.
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Trump Administration Launches Strategic Bitcoin Reserve and Digital Asset Stockpile Initiatives
Meanwhile, the Trump administration launched two related national initiatives. A Strategic Bitcoin Reserve, using seized BTC as a long-term asset, and a Digital Asset Stockpile, which includes other confiscated cryptocurrencies for strategic use or future liquidation.
The adoption of Bitcoin has also found momentum in the US. According to data from Bitcoin Law, 47 Bitcoin reserve bills have been introduced across 26 states, with 41 currently active.
Last week, both New Hampshire and Florida advanced bills aimed at allowing their respective governments to hold Bitcoin as part of their financial reserves.
On the same day, Florida’s House Insurance and Banking Committee unanimously passed HB487, a bill that would allow the state’s Chief Financial Officer and the State Board of Administration to invest up to 10% of select funds into Bitcoin.
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Key Takeaways
- Metaplanet added 330 BTC to its balance sheet, bringing its total holdings to 4,855 BTC.
- The latest purchase aligns with Bitcoin’s surge past $87,000, reflecting continued bullish sentiment despite global trade tensions.
- Metaplanet’s Bitcoin-focused strategy has boosted its stock over 1,080% and earned it a top spot among global corporate BTC holders.
The post Japan’s Metaplanet Buys Another $28.2M In Bitcoin Amid US Tariff Uncertainty appeared first on 99Bitcoins.