Two of the main Japanese companies holding Bitcoin in their treasuries increased their reserves last week, highlighting long-term confidence in the asset despite recent market weakness. Metaplanet announced a purchase of $932 million worth of 775 BTC today (18), while Remixpoint added 63 BTC valued at $77 million last Friday (15).
Acquisitions occur as Bitcoin prices retreat from all-time highs amid expectations of changes in monetary policy and geopolitical risks.
Large acquisitions by Japanese companies
Metaplanet announced it purchased 775 BTC for $932 million at an average price of ¥17.7 million ($120,000) per coin. This move raises its total holdings to 18,888 BTC, with an average acquisition cost of $102,000. The company's cumulative investment in Bitcoin now stands at $19.3 billion.
Remixpoint separately acquired 63.32 BTC at an average cost of ¥18 million ($122,000) per coin, spending $77.4 million. Its cumulative holdings rose to 1,231 BTC, valued at $1.24 billion at acquisition cost.
Both companies continue to view Bitcoin as a core treasury asset, expanding exposure even with short-term volatility weighing on the markets.
Headwinds in the global market
Bitcoin fell to below $116,000, retreating from last week's record high above $124,000. The decline followed stronger-than-expected U.S. producer price data, which reduced expectations for aggressive rate cuts by the Federal Reserve. According to CME FedWatch, markets had priced in a 50 basis point reduction but are now leaning towards a smaller cut of 25 basis points.
Geopolitical uncertainty added pressure. A summit between U.S. President Donald Trump and Russian President Vladimir Putin ended without progress on Ukraine. Investors are awaiting Trump's meetings in Washington with Ukrainian President Volodymyr Zelensky and European leaders later this week.
Meanwhile, Japanese stocks continue to rise, with the Nikkei 225 reaching a new intraday record above 43,700. This is attracting capital to stocks and away from speculative assets like cryptos.
Impact and outlook for investors
Purchases by Metaplanet and Remixpoint highlight a growing corporate willingness to treat Bitcoin as a balance sheet reserve, regardless of short-term price fluctuations. Such actions may help reinforce confidence among institutional investors and signal greater adoption in corporate finance.
Still, Bitcoin is likely to remain volatile in the short term, driven by macroeconomic data releases and geopolitical events. However, over a longer horizon, ongoing corporate treasury allocations may solidify Bitcoin's role as a digital store of value.
The article Metaplanet and Remixpoint increase Bitcoin holdings was first seen on BeInCrypto Brazil.
