Corporate investment firm Metaplanet has significantly strengthened its Bitcoin reserves with the acquisition of an additional 1,005 BTC valued at over $108 million. This strategic purchase elevates Metaplanet’s total Bitcoin holdings to approximately 13,350 BTC, representing a combined value of roughly $1.27 billion.
The acquisition underscores Metaplanet’s aggressive Bitcoin accumulation strategy using specialized financial instruments. The company employs zero-coupon bonds and stock acquisition rights to fund purchases while avoiding immediate liquidity pressure.
Market reaction was positive following the announcement, with Metaplanet’s Tokyo-listed shares rising 10% to 1,633 JPY. Despite this surge, share prices remain below their March peak valuation of 1,900 JPY.
Metaplanet’s expansion mirrors a broader institutional shift impacting Bitcoin market fundamentals. Growing institutional demand balances the market with new long-term holders absorbing supply from early sellers.
The institutional movement extends beyond Metaplanet, with Michael Saylor’s firm maintaining consistent Bitcoin acquisitions. Saylor projects long-term valuations reaching $21 million per BTC supported by substantial institutional holdings.