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Cryptocurrency News Articles

Metaplanet Increased Its Bitcoin (BTC) Holdings by 330 Coins in a Bulk Purchase Valued at $28.2 Million

Apr 21, 2025 at 11:58 am

Metaplanet has increased the size of its Bitcoin (BTC) holdings by 330 in a bulk purchase

Tokyo-based Metaplanet has increased the size of its Bitcoin (BTC) holdings by 330 in a bulk purchase valued at $28.2 million.

The latest acquisition brings the Japanese company’s holdings closer to the 5,000 BTC mark amid impressive YTD yields.

Metaplanet Buys 330 BTC For Nearly $30 Million

According to a post on X by Metaplanet CEO Simon Gerovich, the company has bought 330 BTC at an average price of $85,605. At the moment, Metaplanet’s total BTC holding stands at 4,855.

Since the beginning of the year, Metaplanet says its acquisition spree has seen it rack up a BTC yield of 119.3% YTD.

“Metaplanet has acquired 330 BTC for $28.2 million at $85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025.”

The latest purchase follows the acquisition of 696 BTC at the beginning of April, following a stellar Q1 performance.

Metaplanet started its Bitcoin accumulation journey a year ago, converting its operations into a “Bitcoin First” strategy. Since then, the company has been focusing solely on BTC, funding its acquisitions via a combination of equity offerings and bond issuances.

Matching The Pace Of Other BTC-Focused Companies

The company’s latest purchase keeps it in step with a number of Bitcoin-focused companies. Notably, Metaplanet seems to be taking a page from MicroStrategy’s playbook with its dollar-cost averaging (DCA) strategy.

While Metaplanet’s Bitcoin holdings are dwarfed by those of the publicly-listed firm, both companies are included in Bitwise’s OWNB, a fund that tracks companies with at least 1,000 BTC on their balance sheet.

In its last purchase, MicroStrategy scooped up 3,459 BTC for $285 million, setting the pace for the rest of the industry.

In a bid to match the pace of the U.S. firm, the Tokyo-based company has appointed Eric Trump to its Strategic Board of Advisors and is preparing a $10 million purchase, according to a report. The report adds that Metaplanet is forming a bullish BTC catalyst in the coming weeks.

The purchase also comes after Bitcoin experienced a surprise price rally, spiking to highs of $87.3K amid macroeconomic uncertainties. The top cryptocurrency also seems to have decoupled from stocks, rallying after gold hit a new all-time high.

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Other articles published on May 22, 2025