Metaplanet Doubles Down on Bitcoin—Snaps Up Another $1,088 in BTC Amid Market Turmoil

Another day, another dollar—or in Metaplanet’s case, another grand’s worth of Bitcoin added to their growing stash. The Tokyo-based investment firm just upped its BTC holdings despite the crypto market’s signature volatility. No hedge funds were consulted in the making of this decision—just pure, unfiltered conviction (or reckless optimism, depending on who you ask).

While traditional finance scrambles to explain why a ’risky asset’ keeps attracting institutional buyers, Metaplanet’s latest move reads like a middle finger to the old guard. The best part? They didn’t even wait for a dip—this purchase came at near all-time highs. Talk about timing the market by... not timing it at all.

One thing’s clear: whether this is genius or gambler’s fallacy, Metaplanet’s betting real money that Bitcoin isn’t going anywhere. Meanwhile, Wall Street still can’t decide if crypto is a ’hedge against inflation’ or ’digital snake oil.’ Stay tuned.

Metaplanet, a well-known investment platform based in Tokyo, has recently carried out a significant Bitcoin ($BTC) buyout. As per the data from Lookonchain, the investment firm has added 1,088 $BTC to its Bitcoin holdings. The on-chain analytics company provided the details of this buyout in a recent X post.

Metaplanet(@Metaplanet_JP) bought another 1,088 $BTC($114M) at $108,633.

Metaplanet currently holds 8,888 $BTC($932M), with an average buying price of $96,297.https://t.co/LRlXDODQYc pic.twitter.com/Xd3Z0FO53Q

Metaplanet Purchases $117.3M in $BTC, Boosting Bitcoin holdings to 8,888 $BTC.

The latest buyout of $1088 $BTC by Metaplanet equals a $117.3M in terms of valuation. With this fresh bitcoin acquisition, the cumulative holdings of Metaplanet has reached 8,888 $BTC. This figure accounts for up to $932M. The average per-$BTC price of this buyout stands at $108,633, increasing the platform’s average purchase cost to $96,297.

The respective development highlights Metaplanet’s high-conviction plan for Bitcoin accumulation as its chief treasury asset. This echoes the aggressive acquisition approach adopted by the top corporate Bitcoin holder Strategy. In this respect, the platform’s accumulation plan has gained wide-scale attention in the financial and crypto sectors. It utilizes a mixture of the persistent dollar-cost averaging (DCA) approach and convertible bonds, taking a prominent status among the biggest Bitcoin treasuries.

Following Aggressive Bitcoin Accumulation Plan Like Strategy

According to Lookonchain, Metaplanet’s new acquisition of 1,088 $BTC places it as a bellwether in the case of corporate Bitcoin accumulation. Parallel to such Bitcoin buyouts, the platform’s share price has also increased to a notable extent, reflecting strong investor sentiment. Thus, with growing institutional Optimism as well as increasing appetite for top crypto assets, the platform is supposed to achieve new milestones in the time ahead.