Metaplanet Purchases Another 497 BTC as Part of Ongoing Bitcoin Treasury Operations
Tokyo-based investment giant Metaplanet has added another 497 Bitcoins (BTC) to its Treasury on Wednesday, despite recent market volatility.
The purchase of $43.3 million worth BTC brings its Bitcoin stash to a total of 2,888 BTC, with an aggregated amount of 36.444 billion yen ($240 million).
On Monday, the firm had grabbed 156 Bitcoins, when Bitcoinâs price jumped from $85,207 to $94,537. The company also announced that it is eying global markets to expand its offerings.
Metaplanet Sees Strong Year-to-Date BTC Yield of 45.1%
Additionally, the companyâs CEO Simon Gerovich revealed that Metaplanet has achieved a year-to-date BTC yield of 45%. This performance is well above the firmâs pre-defined target of achieving 35% BTC yield for every quarter of 2025.
In February, Metaplanet noted that it achieved a 23.2% BTC yield year-to-date and targets a 35% yield by this year.
The âJapanese MicroStrategyâ has already announced its ambitious plan of accumulating 21,000 Bitcoins by the end of 2026.
Last week, the Japanese investment firm announced the issuance of $13.6 million in Zero-Interest bonds to fund additional Bitcoin investment.
Bitcoin Price Dip Favors Whales
Following Metaplanetâs recent Bitcoin accumulations, the companyâs stock rallied, rising above 19%, all the way to „4045 at press time.
In February, the stock price increased to an all-time high around „6,500 levels, however, slumped nearly 50% of its gains in a few weeks, amid Bitcoin price corrections.
Further, the fresh BTC purchase comes amid the cryptoâs extreme volatility and lack of sustained momentum. Hopes of a scaling down in U.S. President Donald Trumpâs trade tariffs have aided risk appetite.
Having initially tumbled below $80,000 last week, Bitcoin rebounded following Trumpâs announcement of five cryptos, including Bitcoin, for crypto reserve. However, this recovery was short-lived with the price dropping to $83,000 on Monday.
According to crypto analyst Ali Martinez, the slump could be the time to âstart setting cash aside and get ready for a potential buy-the-dip opportunity.â
He noted that whales have bought over 20,000 Bitcoin since it dipped below $88,000 on February 24. The move has signaled âstrong buy-side interest at these levels,â he wrote in a separate post on X.
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