Metaplanet Adds 497 BTC to Reserves, Boosting Holdings to 2,888 BTC
Tokyo-listed Metaplanet has expanded its Bitcoin holdings with the purchase of 497 BTC for $43.3 million, acquired at an average price of $88,448, CEO Simon Gerovich confirmed on X.
With this latest acquisition, the company’s total Bitcoin reserves have grown to 2,888 BTC, bringing its total investment to 36.444 billion yen ($240 million) at an average purchase price of $83,172 per BTC.
This move comes just days after Metaplanet bought 156 BTC when Bitcoin’s price dipped to $87,000, seizing another opportunity to accumulate at lower levels. As of now, BTC is trading near $87,200.
The firm’s strategic Bitcoin accumulation mirrors a growing trend of institutional adoption, signaling continued confidence in BTC as a hedge against economic uncertainty.
About The Author
More Stories
Bitcoin drops under $71,000 while stocks end the day near session lows as expectations for a 2026 Fed rate cut dim further.
Fed pauses rate changes as the Iran conflict clouds the economic outlook and fuels inflation fears.
Cheap money is now behind us as ongoing conflict with Iran locks in a higher baseline for inflation.