• Japanese investment firm Metaplanet has increased its bitcoin holdings with a $13.4 million purchase, bringing its total to 2,391 BTC.
  • The company's stock surged over 21% following the announcement, while bitcoin prices briefly surpassed $94,000 amid a broader crypto market rally.

Japanese investment firm Metaplanet has expanded its Bitcoin holdings with an additional purchase of 156 BTC, valued at approximately $13.4 million. The move is part of the Tokyo-listed company's ongoing investment strategy focused on the world's largest cryptocurrency.

According to Metaplanet CEO Mark X, the firm acquired the Bitcoin at an average price of around $85,890 per BTC. This latest purchase brings Metaplanet's total Bitcoin holdings to 2,391 BTC, with an overall acquisition cost of approximately $196.3 million and an average price of $82,100 per Bitcoin.

Metaplanet has been steadily increasing its Bitcoin reserves since it adopted a formal acquisition strategy in April 2024. Last week, the company disclosed the purchase of 135 BTC, further reinforcing its commitment to building a substantial cryptocurrency portfolio. In December, it officially classified its Bitcoin treasury operations as a core business focus.

The firm has set ambitious targets, aiming to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by the close of 2026.

"We remain committed to our long-term strategy and believe in Bitcoin's potential as a hedge against economic uncertainty," Metaplanet stated in a press release.

The company's stock responded positively to the news, closing 21.15% higher at 4,010 yen on Monday, amid a broader market rally in the cryptocurrency sector. The Nikkei 225 index also saw a 1.7% increase.

Bitcoin itself experienced significant gains, rising 6.5% in the past 24 hours to reach $91,891 at the time of writing. Earlier in the day, the cryptocurrency briefly surpassed $94,000, according to data from The Block.

Metaplanet’s continued investments in Bitcoin align with a growing trend of institutional interest in digital assets, as companies increasingly view cryptocurrencies as a long-term store of value amid fluctuating economic conditions.

Edited by Harshajit Sarmah