Metaplanet Scoops Another $43 Million in Bitcoin Amid Crypto Market Slump

2025-03-05 20:20 loading...

币圈网报道：

Japanese investment firm Metaplanet Inc. has doubled down on its aggressive Bitcoin accumulation strategy during the crypto market downturn.

The Tokyo-based firm announced the acquisition of 497 BTC for $43.9 million, in line with the company’s goal of acquiring 10,000 BTC by 2025 and 21,000 BTC by 2026.

Metaplanet’s purchase, made at an average price of $88,448 per coin, brings its total Bitcoin holdings to 2,888 BTC, valued at around $240 million at current prices.

The company’s stock rose by over 20% to $27.08 (¥4,045.00), following the announcement of its Bitcoin acquisition, according to Yahoo Finance.

Metaplanet’s latest buy comes as Bitcoin faced price volatility, dipping to $83,000 earlier this week after U.S. President Trump confirmed tariffs on Canada, Mexico, and China.

Metaplanet’s CEO Simon Gerovich announced the company’s BTC yield performance for 2025 rose to 45.1%, well above its target of 35% yield per quarter.

BTC yield refers to the percentage change in the ratio of total Bitcoin holdings to fully diluted shares outstanding.

The firm’s drive to acquire Bitcoin for its holdings mirrors that of Michael Saylor’s Strategy, with Metaplanet now holding over 0.01% of Bitcoin’s total supply—placing it among the top 15 largest corporate Bitcoin holders globally.

The company has adopted new financing methods, as it announced a $745 million fundraising initiative in zero-discount moving strike warrants in “Asia’s largest raise” ever.

Tariffs cool crypto reserve hype

President Trump’s proposal for a strategic crypto reserve sparked a brief rally in Bitcoin and other cryptos, but the new tariffs on key trade partners quickly deflated that hype.

While these tariffs have stirred global market concerns, Bitcoin saw a slight recovery Wednesday morning, climbing 7.2% overnight to trade at just under $90,000, according to CoinGecko.

“Looking ahead, if the Federal Reserve's rate cuts are substantial enough, there is still hope for a considerable market opportunity this year,” Tracy Jin, COO of crypto exchange MEXC, told Decrypt. “Medium to long-term investors can consider buying the dip, but they should closely monitor key support levels and changes in macroeconomic policy.”