Japanese tech giant Metaplanet pounced on Bitcoin‘s recent market weakness, scooping up 162 BTC for a cool $13.5 million. The March 12, 2025 purchase came as Bitcoin dipped to $79K, well below its all-time high of $109,000. Talk about buying the dip. The company paid an average of $83,123 per coin—not exactly bargain basement prices, but hey, that’s crypto for you.
This latest move brings Metaplanet’s Bitcoin stash to a whopping 3,050 BTC, valued at approximately $250 million. Half of those holdings were acquired just this year. Their average cost basis? $83,180 per Bitcoin. Not too shabby for a company that’s apparently going all-in on the orange coin.
The strategy is paying off. Metaplanet’s year-to-date Bitcoin yield hit 53.2% in Q1 2025, crushing their quarterly target of 35%. No wonder their stock price jumped 7.93% to 3,605 JPY after the announcement. This strategic accumulation comes just one year after the Bitcoin halving event that reduced mining rewards to 3.125 bitcoins per block. They’ve become Japan’s best-performing stock, up over 3,000% since 2024. Yeah, you read that right.
Metaplanet isn’t stopping there. They’re aiming for 10,000 BTC by December 2025 and 21,000 BTC by 2026—which would equal 0.1% of Bitcoin’s maximum supply. Ambitious much? To fuel these purchases, they issued zero-interest bonds to EVO FUND, raising $18.2 million specifically for Bitcoin acquisition. The bond offering, set to mature in September 2025, provides additional capital for their aggressive acquisition strategy. The company has established itself as a systematic buyer in Asia, consistently accumulating assets during market fluctuations.
With an insatiable appetite for Bitcoin, Metaplanet aims to hoard 0.1% of the entire supply by 2026.
The market timing wasn’t accidental. Bitcoin was trading around $82,630 with technical indicators suggesting oversold conditions—RSI at 38.25 and MACD below the signal line. Classic buy-when-others-are-fearful move.
Industry experts are watching closely, with Standard Chartered predicting $200K Bitcoin by end of 2025. Meanwhile, CEO Simon Gerovich warns against chasing “the next Bitcoin.” Ironic advice from the head of what some now call the “Asian MicroStrategy.”
With whales adding over 65,000 BTC in the past month alone, Metaplanet seems determined to swim with the big fish. Japan’s low interest rates certainly don’t hurt their strategy.
