Japanese firm Metaplanet has acquired 555 Bitcoin worth roughly ¥7.6 billion ($53.5 million), bringing its full holdings to five,555 BTC as the worth continues its rally above $97,000. Following the acquisition, Metaplanet announced plans to matter an additional ¥3.6 billion ($25 million) in zero-coupon bonds to EVO FUND for added Bitcoin acquisitions.
The corporate now holds an infinite Bitcoin treasury amongst public companies in Asia, with its full holdings valued at roughly $537 million at present costs.
The aggressive accumulation methodology mirrors Strategy’s not too methodology as shortly as additional launched plans to boost $84 billion for Bitcoin purchases. Methodology presently holds 555,450 BTC, although it has been surpassed by BlackRock’s iShares Bitcoin Notion (IBIT), which now controls over 620,000 BTC worth $58.5 billion.
Metaplanet’s shares responded positively to the announcement, closing up 11.45% at ¥477 on the Tokyo Inventory Commerce. The corporate has indicated that these purchases would possibly need minimal impression on its consolidated monetary outcomes for fiscal yr 2025.
Bitcoin reacted to the US-China tariff data by climbing above $97,000, in quest of and selling at $97,018 at press time, up 3.38% over the sooner 24 hours. The worth surge comes amid sturdy institutional demand, with BlackRock’s IBIT recording inflows of 5,613 BTC ($529.5 million) on Monday alone.
The Japanese company’s newest buy and bond issuance underscore the rising pattern of firm Bitcoin adoption, as companies an rising variety of view Bitcoin as a strategic treasury asset.
