Bitcoin season ignites corporate FOMO: Metaplanet’s BTC holdings cross 17K
Key Takeaways
Metaplanet crossed 17,000 BTC with a $92.93 million buy, surpassing Coinbase and solidifying its function as Asia’s MicroStrategy. In the meantime, Technique hinted at one other main purchase.
In a daring transfer, cementing its standing as Asia’s MicroStrategy-in-the-making, Tokyo-listed Metaplanet has added one other 780 Bitcoin [BTC] to its treasury, pushing its whole holdings to over 17,000 BTC.
Supply: Metaplanet/X
Metaplanet’s new Bitcoin acquisition
The corporate disclosed the acquisition on the twenty eighth of July, revealing it spent almost ¥13.67 billion (approx. $92.93 million) at a mean worth of ¥17.52 million ($119,136) per coin.
With this newest buy, Metaplanet continues its aggressive accumulation streak that started in December 2024, utilizing capital market funds and operational income to double down on its Bitcoin conviction.
This comes at a time when one other Bitcoin-heavyweight agency, Technique (previously MicroStrategy), can also be ramping up anticipation for its subsequent large transfer.
Saylor additionally teased Technique’s BTC accumulation
Remarking on this, Government Chairman Michael Saylor lately posted the agency’s up to date portfolio tracker on X, revealing that the corporate presently holds a staggering 607,770 BTC, valued at roughly $71.8 billion at present market costs.
Supply: Michael Saylor/X
As anticipated, this fueled hypothesis that Technique might quickly announce one other substantial Bitcoin purchase, particularly given its energetic efforts to lift contemporary capital.
The timing of those developments is notable as each Technique and Metaplanet made their intentions whereas Bitcoin hovered round $118,850.87, up 0.54% over the past 24 hours, in line with CoinMarketCap.
Moreover, with the CMC Altcoin Index currently at 42, the information factors to an ongoing Bitcoin season, suggesting that companies could also be strategically capitalizing on the second.
Nevertheless, investor reactions have been combined. Whereas Technique’s MSTR inventory dipped 2.18% to $405.89, shares of Metaplanet surged 5% to 1,240 JPY, as per Google Finance.
The distinction in market response might replicate Metaplanet’s rising attraction as a rising Asian proxy for institutional Bitcoin publicity.
In reality, with its newest buy of 1,112 BTC on the sixteenth of June, Metaplanet’s aggressive Bitcoin accumulation technique is paying off because it hit its formidable 2025 goal of holding 10,000 BTC, a purpose achieved in simply over a 12 months.
This milestone additionally positioned Metaplanet forward of Coinbase World within the company Bitcoin rankings, in line with information from Bitcoin Treasuries.
