Japanese investment firm Metaplanet has increased its
Bitcoin holdings to more than $400 million. The move follows its recent
purchase of 330 Bitcoin for $28.2 million. The average price per Bitcoin in the
latest acquisition was $85,605.
Meanwhile, the BTCUSD H1 chart shows a strong upward move,
with the price reaching $87,500 again. During this move, it breached $86,000, a
key resistance level. Buyer sentiment appears optimistic, potentially driving
the price towards the upside further.
Metaplanet Holds 4,855 Bitcoin, $414 Million
With the latest purchase, Metaplanet now holds 4,855
Bitcoin. The total value of these holdings stands at $414 million, according to
a post on April 21 by Simon Gerovich, the company’s CEO.
Metaplanet’s Bitcoin investment has yielded over 119% in
gains since the beginning of the year. On March 31, the company issued 2
billion Japanese yen, or $13.3 million, in bonds to fund further Bitcoin
purchases, Cointelegraph reported.
*Metaplanet Purchases Additional 330 $BTC* pic.twitter.com/Gkjp7wUi4S
— Metaplanet Inc. (@Metaplanet_JP) April 21, 2025
Bitcoin Support at $86,000, $100K Possible
With Bitcoin’s recent surge, the $86,000 level could act as
a support point, increasing the likelihood of the cryptocurrency reaching
$100,000 again. Bitcoin
is also a central focus of DeepSeek AI’s 2025 predictions. The platform has
outlined three potential scenarios: in the base case, Bitcoin is expected to
trade between $100,000 and $150,000.
In a more optimistic “hyperbitcoinization”
scenario, the price could rise to $350,000. However, a black swan scenario
suggests Bitcoin could reach $500,000. These projections reflect expectations
of greater institutional adoption and blockchain‘s growing influence in global
finance.
Aiming for 21,000 Bitcoin Holdings
According to data from Bitbo, Metaplanet is now the largest
corporate Bitcoin holder in Asia. It is also ranked tenth globally among public
companies with Bitcoin on their balance sheets.
The firm plans to expand its holdings to 21,000 Bitcoin by
2026. This target is part of its broader strategy to support Bitcoin adoption
in Japan.
Metaplanet’s latest purchase comes one week after another
acquisition by Strategy, the largest corporate holder of Bitcoin. The two
companies are often compared due to their similar investment approaches.
This article was written by Tareq Sikder at www.financemagnates.com.
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