Tokyo-based investment firm Metaplanet has acquired an additional 780 Bitcoin worth $92.93 million, increasing its holdings to over 17,000 BTC. The purchase was executed at an average price of $119,136 per Bitcoin, solidifying its position as one of Asia’s largest corporate Bitcoin holders.
Metaplanet’s aggressive accumulation strategy has now vaulted its reserves past cryptocurrency exchange Coinbase Global, establishing the firm as a dominant player in Asia’s digital asset market. Meanwhile, global leader Strategy—formerly known as MicroStrategy—continues to maintain its commanding position with 607,770 BTC in its treasury, valued at approximately $71.8 billion.
Strategy is reportedly preparing for another significant Bitcoin acquisition amidst current market conditions. Bitcoin trades near $118,850 with a 24-hour gain of 0.54%, while the Altcoin Index remains depressed at 42—indicating ongoing Bitcoin market dominance.
Market reactions diverged sharply: Metaplanet’s shares climbed 5% to 1,240 Japanese yen on the Tokyo exchange, reflecting investor confidence in its Bitcoin strategy. Conversely, Strategy’s MSTR stock declined 2.18% to $405.89 in U.S. trading.