Metaplanet Expands Bitcoin Holdings with Additional 330 BTC as Prices Rise Above $87K
Finance/Markets

Metaplanet Expands Bitcoin Holdings with Additional 330 BTC as Prices Rise Above $87K

Metaplanet's latest purchase of bitcoin has increased its total holdings significantly amidst fluctuating market conditions.

Metaplanet’s Bitcoin Acquisition

Metaplanet has confirmed a new purchase of 330 BTC valued at approximately $28 million as Bitcoin’s price exceeded $87,300, reversing last week’s declines.

This latest acquisition marks the company’s third Bitcoin buy this month, establishing it as one of the top public holders of the cryptocurrency with a total of 4,855 BTC valued at more than $420 million at current rates.

Key Points:

  • The broader markets have been experiencing instability due to tariff concerns, but Bitcoin has showed resilience, outperforming U.S. equities. Metaplanet’s stock rose nearly 0.9% on the Tokyo Stock Exchange.
  • Earlier in the month, another Japanese company, ANAP Holdings, bought approximately 16.6591 BTC, also amid market volatility.
  • Metaplanet plans to evaluate its BTC holdings quarterly with any financial impacts reflected in its reports. Its Bitcoin yield currently stands at 12.1% this quarter, down from 95% previously.

Bitcoin’s performance is noteworthy, especially when compared to U.S. equities, which together lost $5.4 trillion after recent tariff announcements, a stark contrast to Bitcoin’s relatively minor 6% drop during the same period.

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