Japanese investment firm Metaplanet added another 497 Bitcoin to its holdings, spending $43.9 million at an average price of $88,448 per BTC, CEO Simon Gerovich said.
The move pushed the company’s total Bitcoin reserves to 2,888 BTC, worth about $251 million at current market prices.
The latest purchase has driven Metaplanet’s stock up 19% on the Tokyo Stock Exchange, trading at 3,985 yen ($26.60) by 2 p.m. local time on March 5, according to Google Finance. The stock had taken a hit last week as Bitcoin dropped, but over the past year, it remains one of the best performers, up over 1,700%.
Bitcoin fell 8.5% in two weeks, briefly dipping below $79,000 last week amid concerns over U.S. tariffs under former President Donald Trump. Despite the volatility, Metaplanet acquired 794.5 BTC so far in 2025, reporting $66 million in gains for Q1. The firm plans to accumulate 21,000 BTC by 2026 as part of its long-term strategy to drive Japan’s Bitcoin adoption.
This is Metaplanet’s second Bitcoin purchase this week, following its 156 BTC buy on March 3. CEO Gerovich previously hinted at a possible listing outside Japan, including in the U.S., to make shares more accessible to global investors.
With its recent acquisitions, Metaplanet is now the 12th-largest corporate Bitcoin holder in the world and the largest in Asia, surpassing Hong Kong’s Boyaa Interactive International, according to BiTBO. Gerovich recently met with New York Stock Exchange and Nasdaq officials amid growing international ambitions for the firm.
Metaplanet’s growing Bitcoin portfolio remains modest compared to that of MicroStrategy, the largest public corporate Bitcoin holder, which owns 439,000 BTC.
Last month, the firm partnered with SBI VC Trade, the crypto arm of SBI Group, to access compliant corporate custody services.
Metaplanet CEO Simon Gerovich said that the partnership will support Metaplanet’s Bitcoin accumulation strategy by engaging with key stakeholders in Japan.
Metaplanet added that access to a compliant corporate custody service is a critical component of the partnership, which prioritizes tax efficiency and considers using Bitcoin as collateral for financing.
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- Source: https://financefeeds.com/metaplanet-buys-497-more-bitcoin-pushing-holdings-to-nearly-251m/
