Share this article
Metaplanet Buys Another $1.2M Worth of Bitcoin as Investment Strategy Progresses
The Japanese investment adviser said it acquired more than 20.2 BTC.
Updated Oct 7, 2024, 8:55 a.m. Published Jul 1, 2024, 10:11 a.m.
- Metaplanet spent $1.2 million to buy more than 20.2 BTC as part of its strategy to build up holdings of the world's largest cryptocurrency by market cap.
- The investment is part of its strategy, announced a week ago, of buying another $6 million worth of BTC.
Metaplanet (3350), a publicly listed Japanese investment adviser, said it bought more than 20.2 bitcoin as part of a $6 million strategy to boost BTC holdings in its treasury.
In a statement on its website, the Tokyo-based company said it bought 200 million yen ($1.2 million) worth of bitcoin, taking its total holdings to 161.3 BTC. It posted a statement about the purchase to its account on social media platform X shortly after the close of trading on the Tokyo Stock Exchange.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A week ago, the company said it planned to increase its bitcoin holdings by buying an additional $6 million worth of BTC. At the time, it already owned $9 million worth of the world's largest cryptocurrency by market cap. The focus on bitcoin was engendered by changes in the investment environment resulting from the Covid pandemic, according to the Metaplanet website.
The bitcoin-accumulation strategy mirrors the approach taken by Tysons Corner, Virginia-based software developer MicroStrategy, which has been buying BTC for almost four years and now owns over 226,000 BTC, more than 1% of the entire number of bitcoin that will ever be issued.
Metaplanet shares rose 1% before the announcement.
CORRECTION (July 1, 10:53 UTC): Corrects number of bitcoin held by MicroStrategy in penultimate paragraph.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
