The Japanese investment company Metaplanet has the recent course correction of Bitcoin (BTC) cleverly exploited. While many investors still puzzled over the market direction, Metaplanet took the opportunity to increase its digital reserves with billions of yen – which corresponds to several million euros.
319 BTC bought from the market
Today gave metaplanet knownto have acquired a total of 319 bitcoins. For this, the company paid 3.78 billion yen. This corresponds to around 23.05 million euros or $ 24.9 million. On average, the company based in Tokyo paid $ 82,549 per Bitcoin.
MetaPlanet has developed into the largest listed Bitcoin holding company Asia and is therefore also called the “Asian strategy”. Strategy, formerly known as Microstrategy, has been investing in the digital currency since 2020 and now has over 500,000 BTC – more than any other company worldwide.
METAPLANET is planning further Bitcoin purchases
The timing of this purchase is meaningful. While others are wondering whether the bull market is over, Metabanet clearly demonstrates its firm belief in the long -term future of Bitcoin.
The Bitcoin course has been in a difficult phase for months, and Metaplanet uses this for its Advantage. This year alone, the company has already bought over 2,700 bitcoins. It currently holds 4,525 BTC in its balance sheet and is therefore on the right track to reach its goal of 10,000 BTC by the end of the year. In January it became known that the company would even like to hold 21,000 bitcoins by 2026.
The Bitcoin course suffers primarily from the global trade conflict that Donald Trump leads. The US President has raised import duties almost worldwide, which led to growing concerns about economic weakening and inflation.
The financial markets had a significant recovery last week after the trade voltages had loosened up a bit. Particularly Trump’s 90-day break – For all elevated tariffs that had been introduced as retaliatory measures – led to a strong reaction to the markets. However, the conflict with China has further tightened.
Metaplanet with its newly acquired Bitcoins is already significantly up. At the time of publication, the Bitcoin course is $ 84,500, which is about 2.3 % above the average purchase price.