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Japan’s Metaplanet said Monday it had purchased another 1,241 bitcoin ($BTC ), bringing total holdings to nearly 6,800.
What to know:
Metaplanet has purchased 1,241 #bitcoin for 18.4 billion yen, increasing its total holdings to 6,796 BTC.
The firm's latest acquisition surpasses El Salvador's bitcoin stash and marks its most aggressive purchase since April 2024.
Metaplanet aims to reach 10,000 $BTC by the end of 2025, following a strategy similar to MicroStrategy's high-conviction accumulation.
Tokyo-listed investment firm Metaplanet has added another 1,241 bitcoin ($BTC ) to its treasury, spending 18.4 billion #yen (or $126 million at currency exchange rates) in its latest purchase, per a Monday disclosure.
The acquisition brings Metaplanet’s total holdings to 6,796 #BTC worth over 💸706 million at current market prices. That has sent it above bitcoin-stacking nation El Salvador’s stash of 6,174 #BTC data from the country’s Bitcoin Office shows.
The purchase was made at an average price of just over $102,119 per #bitcoin marking the firm’s most aggressive buy yet since launching its #Bitcoin Treasury Operations in April 2024.
The firm said its #SaylorBTCPurchase Yield, a proprietary performance indicator measuring bitcoin accumulation per share outstanding, stood at 38% for Q2 to date, after reaching 95.6% in Q1 2025 and 309.8% in Q4 2024. This metric, along with BTC Gain and BTC yen Gain, is used to evaluate shareholder value creation through non-dilutive bitcoin growth.
Metaplanet aims to hit 10,000 BTC by the end of 2025, with its treasury strategy increasingly mirroring the high-conviction accumulation playbook pioneered by Michael Saylor’s Strategy (#MSTR), which holds over 555,000 BTC globally.
Metaplanet remains the largest publicly traded bitcoin holder in Asia and ranks 11th globally, as of Monday.

#yen Most Asian currencies moved lower in thin trading due to the holiday on Thursday, while the dollar marginally recovered from significant losses throughout April, and the Japanese yen weakened after the Bank of Japan maintained interest rates unchanged but lowered growth forecasts.
The Australian dollar strengthened after a stronger than expected trade balance for March, although analysts doubt that this trade performance will continue, especially in the face of high US tariffs.

Ben Laidler, global markets strategist at the trading and investment platform eToro, analyzes the behavior of the main currencies, with the dollar “the best performer of the G10 this year, as markets react to greater strength in US growth and stronger inflation.” “The pound sterling has a lot in common with the dollar and has remained on par, while the yen has taken a detour and has been the big laggard,” he points out.

The dollar is well valued as macroeconomic differences widen

A similar yen outperformance early this month triggered carry unwind and rocked risk assets, including cryptocurrencies.

The FX market shows a renewed bias for anti-risk Japanese yen.
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.Some observers fear another round of carry unwind in the near future.The Japanese yen (JPY) is rallying against the U.S. dollar (USD), outperforming other fiat currencies in a redux of early August market action that was characterized by sharp losses in global stock markets and bitcoin (BTC).Since late Thursday, the yen has strengthened 2.4% to 145 per dollar, aborting a weakening bounce from the Aug. 5 low of 141.68 in a sign of renewed bias for the "anti-risk" currency. Against the Australian dollar, a barometer of risk appetite, the yen has strengthened over 1%. It's showing even greater vitality against the euro and British pound.The activity in the foreign exchange market is reminiscent of the yen's outperformance at the end of July and early this month that catalyzed the unwinding of carry trades, or bullish risk-on bets, financed by relatively cheap yen-denominated loans as it became more expensive to borrow the Japanese currency.The resulting lowering of risk exposure in traditional markets also weighed on bitcoin and the wider crypto market. BTC fell from roughly $70,000 to $50,000 in the eight days to Aug. 5 before recovering to $60,000 alongside a bounce in the USD/JPY."Yen strength is causing a negative feedback loop as stops get triggered and overstretched carry positions get unwound. This is rattling positioning in global risk assets," famous trader Simon Ree said on X at the time.In his latest commentary, Andrei Kazantsev, the head of Goldman Sachs' crypto-linked trading desk, echoed Ree's comments, explaining how bitcoin and ether were caught in the yen carry trade unwind and the global VAR shock of Aug. 5. VAR, or value at risk, is the maximum amount of loss a market can sustain over a period of time. A sudden jump forces traders to scale back exposure to relatively risky assets.Thus, the renewed yen strength warrants attention from crypto traders. According to ING, the yen's rally to 141.68 per dollar from 161 in the three weeks to Aug. 5 has set the tone for yen buying on dips."A 20-big figure drop in USD/JPY we believe will have a meaningful impact on expectations for future direction and therefore potentially on behavior,' ING said in a note to clients on Aug. 16. "Behavioral changes likely mean a greater willingness to buy yen at weaker levels, skewing the risk to a strengthening bias."Some observers, however, say that the carry trade unwind could resume in the coming weeks spurred by the U.S. economy and the next interest-rate decision meeting of the Federal Open Market Committee (FOMC), scheduled for mid-September.The FFFs [Fed funds futures] currently predict a 50% chance of a 50-bps hike in September; however, we expect these odds to decrease as we approach the FOMC meeting due to generally acceptable economic data. Should the Fed cut by 50 bps, however, we think the market’s reaction will be positive initially, but a sell-off could ensue as concerns about the economy and strength in the Yen will revive the carry trade unwinds," Arnim Holzer, global macro strategist at Easterly EAB Risk Solutions, said in an email. $USDC #yen #PowellAtJacksonHole #CryptoMarketMoves #MarketDownturn #Write2Earn!