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Metaplanet crossed 17,000 BTC with a purchase of $ 92.93 million, surpassed Coinbase and solidifying its role as a micro strategy in Asia. In the meantime, strategy hinted on another large purchase.
In a daring movement, cementing his status as Asia in the micro strategy-in-the-making, Tokyo-raised metaplanet added another 780 bitcoin [BTC] To his treasury, push his total interests to more than 17,000 BTC.
Source: Metaplanet/X
The new Bitcoin acquisition of Metaplanet
The company unveiled the acquisition on July 28 and revealed that it spent almost ¥ 13.67 billion (approximately $ 92.93 million) at an average price of ¥ 17.52 million ($ 119.136) per coin.
With this last purchase, Metaplanet continues its aggressive accumulation streak that started in December 2024, with the help of capital market funds and operational income to double his Bitcoin order.
This is at a time when another company with Bitcoin-heavyweight, Strategy (formerly MicroStrategy), also increases anticipation for the next large move.
Saylor also teased the BTC accumulation of the strategy
It was noticed about this, executive chairman Michael Saylor recently placed the updated portfolio tracker of the company on X, which showed that the company currently has no less than 607,770 BTC, with a value of around $ 71.8 billion at the current market prices.
Source: Michael Saylor/X
As expected, this speculation has fed that the strategy will soon be able to announce another substantial Bitcoin purchase, especially in view of its active efforts to attract new capital.
The timing of these developments is remarkable because both strategy and metaplanet have made their intentions, while Bitcoin hung around $ 118,850.87, according to the last 24 hours 0.54% Mint market cap.
In addition with the CMC Altcoin index currently In 42 the data point to a continuous Bitcoin season, which suggests that companies can currently benefit strategically.
However, the reactions of investors are mixed. While the MSTRY shares of the strategy plunge 2.18% to $ 405.89, shares of metaplanet rose by 5% to 1,240 JPY, according to Google Finance.
The contrast in the market response can reflect the growing profession of metaplanet as a rising Asian proxy for institutional Bitcoin exposure.
In fact WThe last purchase of 1,112 BTC on June 16, the aggressive Bitcoin -accumulation strategy of Metaplanet pays off because it hit its ambitious objective of 2025 to keep 10,000 BTC, a goal that was achieved in just over a year.
This milestone also placed Metaplanet prior to Coinbase Global in the business ranking of the business bitcoin, according to data from Bitcoin Treasuries.