Japan-based crypto firm Metaplanet has made headlines again, adding over $11 million worth of Bitcoin to its growing reserves this week.
The company acquired 103 BTC at an average price of $113,491 per coin, according to its latest disclosure.
This move reflects the firm’s ongoing commitment to expanding its digital asset holdings.
Total Holdings Approach 19,000 BTC
With this latest purchase, Metaplanet’s total Bitcoin holdings now sit at 18,991 BTC, valued at nearly $2 billion at current prices.
On average, the company has spent about $102,712 per coin across its portfolio.
This positions Metaplanet as the seventh-largest publicly listed BTC holder, trailing only Riot Platforms Inc. and Bullish, the cryptocurrency company backed by tech investor Peter Thiel.
Analysts note that Metaplanet’s timing has often coincided with key market movements.
During the first quarter of 2025, the firm recorded over a 95% return on its Bitcoin strategy, followed by 129% gains in the second quarter.
From July through late August, the investment delivered a 29% return, bringing total growth close to 480%—well ahead of most traditional stock market performances.
Institutional Interest in Bitcoin Continues
Metaplanet’s purchase comes as other major players in the market also ramp up Bitcoin acquisitions.
Michael Saylor, head of Strategy, sparked speculation with a post on X claiming “Bitcoin is on Sale,” hinting at further buying activity.
Strategy recently bought 430 BTC worth $51 million last week, following an earlier purchase of 775 BTC.
The firm now controls 629,376 BTC—almost 3% of Bitcoin’s circulating supply.
These moves illustrate how institutions continue to bet heavily on Bitcoin, even as prices hover above $110,000.
For Metaplanet, the investment also serves as a hedge against Japan’s weakening yen, offering protection against currency volatility.
Bitcoin Price Holds Steady
Bitcoin itself has been relatively stable, trading around $112,000 after briefly dipping to $110,000 over the weekend.
Analysts say this muted price response is normal, as large institutional buys often occur over-the-counter, minimizing short-term market impact.
Crypto Market Sentiment Remains Bullish
The wider crypto market is buzzing with optimism.
Eric Trump, son of former US President Donald Trump, recently declared himself a “Bitcoin Maxi” at Jackson Hole and predicted BTC could surpass $175,000 in 2025.
Such bullish forecasts, combined with continued institutional buying, fuel anticipation of higher prices in the months ahead.
Observers also suggest that Metaplanet may be gradually building its holdings on a weekly basis, hinting at the potential for more acquisitions in the near future.
Editorial Integrity and Reliability
Metaplanet’s activities and the wider market movements were reported following strict journalistic standards.
Bitcoinist emphasizes thoroughly researched, unbiased content, reviewed by technology experts and seasoned editors to ensure accuracy, relevance, and value for readers.
