Japanese investment firm Metaplanet acquired 1,111 Bitcoin for $117 million, expanding its holdings to over 11,000 BTC. The purchase—executed at approximately $105,000 per Bitcoin—signals aggressive accumulation despite recent price volatility. This follows Metaplanet’s established treasury strategy of converting cash reserves into Bitcoin as a hedge against yen depreciation and economic uncertainty.
The move underscores institutional confidence in Bitcoin’s long-term value proposition as a corporate treasury asset. By consistently buying during market dips, Metaplanet demonstrates conviction in BTC’s scarcity narrative and inflation-hedging characteristics. Their average buying price now exceeds $105,000, indicating willingness to accumulate at elevated valuations.
Metaplanet’s expanding Bitcoin reserves reflect a broader trend of public companies using cryptocurrency for balance sheet diversification. As one of Asia’s most vocal corporate Bitcoin adopters, their continued accumulation may influence other firms considering similar treasury strategies amid global macroeconomic instability.