Metaplanet's stock price climbed 8% today as the Japanese firm, often dubbed "Japan’s MicroStrategy," announced the purchase of 162 BTC for $13.5 million.
The company acquired Bitcoin at an average price of $83,123 per coin, capitalizing on recent market dips. To fund further BTC purchases, Metaplanet issued its 8th Series of Ordinary Bonds, raising 2 billion JPY (approximately $18.2 million) at a 0% interest rate.
Despite ongoing selling pressure in the Bitcoin market, Metaplanet’s move aligns with a broader trend of institutional accumulation. Bitcoin whales have reportedly acquired over 65,000 BTC in the past 30 days, according to CryptoQuant data. Meanwhile, the stock has been trading in a range of 3,300 to 4,000 JPY, with today’s rally pushing it to 3,605 JPY.
The announcement follows a similar move by MicroStrategy, which recently disclosed plans to raise $21 billion for additional Bitcoin acquisitions. As of March 12, 2025, Metaplanet holds a total of 3,050 BTC, purchased at a cumulative cost of approximately $253.7 million, with nearly half of these acquisitions made in 2025 alone.
While Bitcoin remains volatile ahead of key macroeconomic events, including the US CPI data release and trade uncertainties, long-term holders continue to buy into the market. BTC is currently holding above the crucial $80,000 support level, although some analysts anticipate a potential correction below $70,000 before a renewed uptrend.
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