Key Points
- Metaplanet increased its Bitcoin holdings to 2,888 BTC and plans to reach 21,000 BTC by 2026.
- As Bitcoin fell below $88K, whales accumulated over 20,000 BTC, indicating strong demand.
Metaplanet, a Japanese firm, has seen a 14% surge in its stock after announcing a new Bitcoin (BTC) purchase of $43.9 million. This acquisition took place amid market volatility caused by new tariffs, bringing the total Bitcoin holdings of Metaplanet to 2,888 BTC. These were acquired at an average price of $84,240 per coin.
Despite the recent dip of Bitcoin to $83,000, the cryptocurrency was showing signs of recovery and was trading around $89,694 at the time of reporting.
Metaplanet’s Stock Performance
Metaplanet’s stock on the Tokyo Stock Exchange experienced a 20% surge to 4,045 Yen ($27.08). The company has seen a 1,700% gain over the past year, solidifying its position as a top-performer.
The firm is aggressively accumulating Bitcoin, having purchased an additional 156 BTC on 3rd March. This marked its second acquisition for the week. Metaplanet had previously acquired 794.5 BTC in 2025, reporting $66 million in Q1 gains. This reinforced its bullish Bitcoin strategy.
Metaplanet’s Bitcoin Strategy
Metaplanet aims to amass 21,000 BTC by 2026, leading Japan’s Bitcoin adoption and strengthening its market position. This has made Metaplanet the 12th-largest corporate Bitcoin holder globally and the largest in Asia, surpassing Hong Kong’s Boyaa Interactive.
Metaplanet CEO Simon Gerovich has been in talks with NYSE and Nasdaq officials, hinting at a potential international listing. He stated that they are considering the best way to make Metaplanet shares more accessible to investors globally.
As Bitcoin dipped to $82,000, whale activity surged, indicating strong buy-side demand. Large investors have accumulated over 20,000 BTC since the price fell below $88,000 on 24th February. This strategic buying suggests confidence in Bitcoin’s long-term trajectory despite market volatility.
Metaplanet’s Bitcoin accumulation strategy is similar to that of Michael Saylor, leveraging debt and equity sales to fund BTC purchases. The firm recently issued a 2 billion Yen ($13.6 million) convertible bond, reflecting its commitment to buying during market dips. With Bitcoin below $85,000, Metaplanet is doubling down, solidifying its role as Japan’s counterpart to Strategy. This approach has boosted its stock price by over 1,300% by mid-February, showing strong investor confidence in its vision.