Metaplanet purchased 497 Bitcoin for $43.9 million at around $88,448 per coin
The Japanese investment firm’s stock jumped 19% following this purchase announcement
Metaplanet now holds 2,888 BTC worth approximately $251 million
The company achieved a year-to-date Bitcoin yield of 45.1%, exceeding its quarterly target of 35%
Bitcoin whales purchased over 20,000 BTC since the price fell below $88,000 on February 24
Japanese investment firm Metaplanet has purchased an additional 497 Bitcoin for $43.9 million, bringing its total holdings to 2,888 BTC. The company announced the acquisition on March 5, 2025, revealing an average purchase price of $88,448 per coin for this latest buy.
This marks Metaplanet’s second Bitcoin purchase this week. The firm previously acquired 156 BTC on March 3. These purchases come during a period of price volatility for the cryptocurrency.
Bitcoin has experienced a downward trend over the past two weeks. The cryptocurrency fell around 8.5% in that timeframe. It hit a three-month low of under $79,000 on February 28.
Metaplanet has acquired 497 BTC for ~$43.9 million at ~$88,448 per bitcoin and has achieved BTC Yield of 45.1% YTD 2025. As of 3/5/2025, we hold 2888 $BTC acquired for ~$240.2 million at ~$83,172 per bitcoin. pic.twitter.com/0cOlXfaq8w
— Simon Gerovich (@gerovich) March 5, 2025
The market downturn has been linked to concerns about a possible trade war. These worries stem from US President Donald Trump’s planned tariffs. Despite this volatility, Metaplanet has continued its Bitcoin buying strategy.
The company now holds 2,888 BTC at an average purchase price of $84,240 per coin. This Bitcoin stash is worth approximately $251 million with Bitcoin trading around $87,150 at the time of the announcement.
Metaplanet CEO Simon Gerovich shared news of the purchase on social media. He noted the company has achieved a year-to-date yield of 45.1% on its Bitcoin investments. This exceeds the firm’s quarterly target of 35%.
The market has responded positively to Metaplanet’s Bitcoin strategy. The company’s stock price on the Tokyo Stock Exchange jumped 19% following the announcement. Shares were trading around 3,985 Japanese yen ($26.60) by 2 pm local time on March 5.
Stock Price
This recent surge comes after the stock had taken a hit in the previous trading week. The decline coincided with Bitcoin’s price drop. However, Metaplanet remains one of the best-performing stocks over the past 12 months.
Its share price has increased more than 1,700% in the last year. This growth reflects investor confidence in the company’s Bitcoin-focused investment approach. The stock had reached an all-time high around 7,000 JPY in February before pulling back.
Metaplanet has acquired 794.5 BTC so far this year. The company reported gains of approximately $66 million on those purchases in Q1 2025. These results demonstrate the success of its Bitcoin investment strategy.
The firm has set an ambitious goal for its Bitcoin holdings. It aims to accumulate 21,000 BTC by 2026. This target is part of Metaplanet’s broader strategy to lead what it calls “Japan’s Bitcoin renaissance.”
These recent acquisitions have elevated Metaplanet’s position among corporate Bitcoin holders. The company is now the 12th-largest corporate Bitcoin holder globally. It has also become the largest in Asia, surpassing Hong Kong gaming firm Boyaa Interactive International.
Metaplanet may be looking to expand its investor base beyond Japan. Gerovich met with officials at the New York Stock Exchange and Nasdaq in late February. He introduced the firm’s “platforms and functions” during these meetings.
The CEO has expressed interest in making Metaplanet shares more accessible to global investors.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,”he stated on social media on March 3.
The recent Bitcoin price dip has attracted other large investors as well. Data shows Bitcoin whales purchased over 20,000 BTC since the cryptocurrency’s price fell below $88,000 on February 24. This accumulation signals strong buy-side interest at these price levels as major investors increase their holdings.
Analysis of Bitcoin’s Sharpe ratio, which measures risk-adjusted returns, suggests a potential buying opportunity. According to market analysts, this metric typically resets to a “Low Risk” zone after reaching “High Risk,” potentially creating favorable conditions for investors looking to buy during price dips.
