After the last purchase, the Japanese Metplanet became the largest company holder of Bitcoin in Asia.
According to the CEO of the company, Simon Gerovich, Metaplanet grip Another 497 BTC at around $ 88,448 per coin, which invests nearly $ 44 million on 5 March. This last purchase pushes its total stock at 2,888 BTC, worth more than $ 251 million, with Bitcoin who hovers around $ 87.198 on the press of the press.
The Japanese company bought the dip when Bitcoin fell more than 8% on 4 March, because the concern about a possible trade war and new rates of the US continued to rattle markets.
Metaplanet has the Chinese gaming company Boyaa Interactive International, which currently owns 2410 BTC, as the largest business Bitcoin -Hoarder in Asia, according to facts From Bitbo. It is now also the 12th largest business Bitcoin holder worldwide.
Investors clearly love the move – the shares of Metaplanet rose 20.93% on the Tokyo Stock Exchange and reached 4,045 yen against 15.16 hours local time on March 5. Despite some volatility last week in the course of the Bitcoin.
This marks the Tokyo headquarters that the second BTC purchase of the week before the week is qualified. As previously reported on March 3, falterly metaplanet 156 BTC at an average price of $ 85,483 per coin, which spend around $ 13.34 million.
Since the start of the year, the company has taken over a total of 794.5 BTC, which is in line with its aggressive accumulation strategy inspired by Michael Saylor-conducted strategy, which currently has the title of the world’s largest company holder of Bitcoin.
With its latest purchases, the year-to-date Bitcoin yield from Metaplanet is now 45%, according to Gerovich. It hopes to store 21,000 BTC by 2026.
To feed its Bitcoin acquisition, the company has actively capital on the lifting through bonds, the most recent that 4 billion yen (approximately $ 26.4 million) sold in zero-coupon bonds in February, followed by another 2 billion yen (approximately $ 13.2 million) of the 7-year-old bbles’ bonds. set in August 2025 in August.
