Japanese investment firm Metaplanet has expanded its Bitcoin holdings with the acquisition of 150 BTC, the company announced Monday. The latest purchase, valued at ¥1.886 billion ($12.1 million), was made at an average price of ¥12.57 million (approximately $83,000) per Bitcoin.With this addition, Metaplanet now holds a total of 3,350 BTC, accumulated at a cost of ¥42.22 billion ($270 million). The company’s average purchase price across all acquisitions stands at roughly ¥12.60 million ($80,200) per Bitcoin.
Growing Bitcoin Reserves Amid Market Expansion
Metaplanet’s continued investment in Bitcoin reflects a broader trend of institutional adoption of the cryptocurrency. The firm has positioned itself as a major corporate holder, aiming to build one of the largest Bitcoin treasuries in the world.
Bitcoin, often referred to as digital gold, has gained increasing acceptance among companies and institutional investors seeking alternatives to traditional financial assets. While volatility remains a concern, firms like Metaplanet view Bitcoin as a long-term strategic asset.
Trump Joins Metaplanet’s Advisory Board
Alongside its Bitcoin accumulation, Metaplanet recently formed a Strategic Advisory Committee, naming Eric Trump as its first member. Trump, the son of U.S. President Donald Trump, has been a vocal supporter of cryptocurrency and has urged Wall Street to embrace digital assets or risk becoming obsolete.
Metaplanet CEO Simon Gerovich welcomed Trump’s appointment, highlighting his business experience and advocacy for Bitcoin. The advisory board, according to the company, will include other influential figures in the cryptocurrency space, aiming to guide Metaplanet’s strategic direction as it expands its Bitcoin reserves.
Metaplanet’s latest moves come amid growing corporate interest in Bitcoin as a hedge against inflation and currency devaluation. The firm has not disclosed future acquisition plans but remains committed to increasing its Bitcoin holdings as part of its long-term strategy.
