Share this article
Metaplanet Buys 135 More Bitcoin to Become a Top-15 Publicly Traded BTC Holder
Metaplanet now holds 2,235 BTC and its share price is less than 20% off its all-time high.
Updated Feb 25, 2025, 1:07 p.m. Published Feb 25, 2025, 9:45 a.m.
Make us preferred on Google
What to know:
Metaplanet (3350) said it bought another 135 bitcoin (BTC) for 1.94 billion yen ($13 million) taking its total holdings to 2,235 BTC and making it one of the top 15 publicly traded companies with the largest bitcoin reserves.
The Tokyo-based company spent an average of 14,360,449 yen on the most recent purchase, and the average purchase price across all holdings is 12,441,856 yen. That converts to $81,195 per BTC, which is currently trading around $89,000.
So far this year, Metaplanet has achieved a BTC yield of 23.2%. Despite this, its stock price declined by 3% to 6,010 yen, a drop of less than 20% from its all-time high.
"Metaplanet has raised $47 million in equity at market in the first four trading days of its “21m Plan,” with 5.54% of the plan completed to date, according to Dylan Le Clair, the company's director of bitcoin strategy.
Más para ti
Bitcoin could fall to $10,000 as U.S. recession risk builds, Mike McGlone says
McGlone links bitcoin’s downturn to record U.S. market cap-to-GDP levels, low equity volatility and rising gold prices, warning of potential contagion into stocks.
Lo que debes saber:
- Bloomberg Intelligence strategist Mike McGlone warns that collapsing crypto prices and a potential bitcoin slide toward $10,000 could signal mounting financial stress and foreshadow a U.S. recession.
- McGlone argues the post-2008 "buy the dip" era may be ending as crypto weakens, stock market valuations sit near century highs relative to GDP, and equity volatility remains unusually low.
- Market analyst Jason Fernandes counters that a drop to $10,000 bitcoin would likely require a severe systemic shock and recession, calling such an outcome a low-probability tail risk compared with a milder reset or consolidation.
Top Stories
