#TradeWarEases
Arincen - The Japanese investment company "Metaplanet" announced the purchase of 1,241 new Bitcoins at a total cost of $119 million, bringing its total holdings to 6,796 Bitcoins, equivalent to approximately $583 million.
The purchase was made at an average price of $95,700 per Bitcoin, as part of the company's strategy to reach 10,000 Bitcoins by the end of 2025, with a long-term ambition to own 21,000 Bitcoins, or about 1% of the total global supply.
The company shows exceptional performance, recording Bitcoin returns of 95.6% in the first quarter of 2025, and aims to achieve faster returns than large companies like "MicroStrategy." These expansion plans have led to forecasts of an increase in Metaplanet's stock price from 533 yen to 1,340 yen.
"Metaplanet" is now considered the largest institutional owner of Bitcoin in Asia and is preparing to expand its global presence through a new branch in Miami.