Metaplanet Buys Another 330 BTC as BTC Price Exceeds $87K
As a result of this deal, Metaplanet's total assets exceeded 4855 BTC.
Shaurya Malwa | Edited by Parikshit Mishra on April 21, 2025, 6:02 AM
Key facts:
- Metaplanet reported purchasing 330 BTC worth $28 million as Bitcoin price rose above $87,300.
- This is Metaplanet's third Bitcoin purchase this month, making it the tenth-largest public holder of BTC.
- Despite the market volatility, Bitcoin has outperformed U.S. stocks, with Metaplanet shares up nearly 0.9% on the Tokyo Stock Exchange.
Publicly traded Metaplanet announced new Bitcoin (BTC) acquisitions on Monday as BTC surged above $87,300, reversing losses from the previous week.
Metaplanet acquired 330 BTC, increasing its total holdings to 4,855 BTC, which is worth over $420 million at current prices.
This is the Japanese company’s third Bitcoin purchase this month, even as broader markets grapple with tariff concerns amid a general lack of optimism. Earlier this month, Metaplanet became the tenth-largest public holder of BTC.
Metaplanet is not the only Japanese company investing in Bitcoin, however. Last week, fashion brand ANAP Holdings purchased approximately 16.6591 BTC worth about 200 million yen (approximately $1.4 million).
These assets will be managed by its subsidiary ANAP Lightning Capital. The company plans to conduct quarterly assessments of the market value of its BTC holdings, with any gains or losses reflected in its income statements.
BTC has returned 12.1% quarter-to-date and 95% in the previous quarter. BTC's return is an internal metric used by the company to evaluate the effectiveness of its strategy. It measures the growth of bitcoin per fully diluted share.
Bitcoin has outperformed U.S. stocks during the financial turmoil. U.S. stocks lost $5.4 trillion in value in the two days after President Trump unveiled his retaliatory tariffs in early April, sending the Nasdaq down 11%. BTC, meanwhile, fell a relatively smaller 6% by comparison.
Metaplanet shares on the Tokyo Stock Exchange have risen nearly 0.9% since the start of trading.
