Japanese investment firm Metaplanet has increased its Bitcoin holdings, now surpassing $400 million, according to a recent announcement. The company acquired an additional 330 Bitcoin for $28.2 million at an average price of $85,605 per coin.
In a post on April 21, Metaplanet CEO Simon Gerovich revealed that the firm’s total Bitcoin holdings have reached 4,855 BTC, valued at $414 million. This latest investment has resulted in a year-to-date Bitcoin yield exceeding 119% for the company.
This acquisition follows Metaplanet’s issuance of 2 billion Japanese yen ($13.3 million) in bonds on March 31 to further invest in Bitcoin, as previously reported by Cointelegraph.
With its current holdings, Metaplanet has become Asia’s largest corporate Bitcoin holder and now ranks as the tenth-largest globally, according to data from Bitbo. This positions the firm alongside major players in the corporate Bitcoin accumulation space.
Market analysts, like Enmanuel Cardozo from Brickken, suggest that the increasing institutional adoption of Bitcoin by companies such as Metaplanet, MicroStrategy, and Tether is potentially accelerating the traditional four-year Bitcoin market cycle. Cardozo anticipates a market bottom around the third quarter of this year and a peak in mid-2026, noting that increased market maturity and liquidity could potentially expedite this timeline.
Metaplanet has outlined ambitious plans to accumulate a total of 21,000 Bitcoin by 2026, aligning with its stated mission to promote Bitcoin adoption throughout Japan. The company has often been compared to Michael Saylor’s MicroStrategy, which remains the largest public holder of Bitcoin worldwide.
Metaplanet’s latest investment announcement comes just a week after MicroStrategy reported its own recent Bitcoin purchase. On April 14, MicroStrategy announced the acquisition of 3,459 BTC for $285.5 million, bringing its total holdings to 531,644 BTC, acquired for a cumulative $35.92 billion.
