Metaplanet Expands Bitcoin Holdings
Earlier today, Metaplanet revealed its latest acquisition of Bitcoin amid a period of price dips and market volatility.
Following the announcement, the company’s stock rose by 14%. This move comes in the wake of recent declines in Bitcoin’s price and overall market fluctuations, which have been influenced by tariffs imposed by Trump.
Bitcoin has rebounded by over 4.5% after dropping to $83,000 earlier this week. Despite the ongoing volatility driven partly by Trump’s tariffs, which contributed to a broader market downturn, Bitcoin is now showing signs of stabilization. Investors are optimistic about a sustained recovery in the crypto market, with Bitcoin currently trading at $87,166.
Japan’s Microstrategy continues to increase its Bitcoin holdings despite the market’s ups and downs. Today, the company reported the acquisition of 497 Bitcoins, totaling $43.9 million, with an average purchase price of $88,448 per Bitcoin, according to CEO Simon Gerovich.
As of March 5, 2025, Metaplanet’s total Bitcoin holdings amount to 2,888 BTC, with an investment valued at $240.2 million. The average price paid per Bitcoin is approximately $83,172.
