Tokyo, Japan-based investment company Metaplanet made another purchase of 1088 Bitcoins worth nearly $117.3 million on Monday. The company now holds 8,888 BTC — about 88.8% of its 10,000 BTC goal for 2025.
Metaplanet Acquires $117M in Bitcoin
Metaplanet, Asia’s largest corporate holder of Bitcoin, has acquired 1,088 BTC for nearly $117.3 million, according to an official announcement on June 2. The move comes as the firm continues to double down on Bitcoin with zero-interest bonds.
With the latest purchase, the company’s total Bitcoin holding has now reached 8,888 BTC, achieving 88.8% of its 10,000 BTC goal for 2025. Metaplanet plans to buy at least 10,000 Bitcoin in 2025.
Simon Gerovich, CEO of Metaplanet, said the company purchased additional Bitcoin at $107,771 and has achieved a BTC Yield of 225.4% YTD. The company’s BTC Yield is 66.3% from April-June 2. Notably, the company uses BTC Yield to assess the performance of its Bitcoin acquisition strategy.
Last week, Metaplanet’s board approved issuing the 16th and 17th series of ordinary bonds to EVO Fund. The firm adopts a bold buying strategy to issue bonds to raise $71 million for Bitcoin purchases.
Metaplanet Inc. (3350.T) stock price surged 2.34% to 1,092 yen at the time of writing. As per Yahoo Finance, the stock price has rallied over 155% in a month and nearly 214% YTD.
Bitcoin Price Trades Near $105K
BTC price was trading at $104,852 at the time of writing, up just 0.4% over the last 24 hours. The 24-hour low and high were $103,826 and $105,884. Furthermore, the trading volume has increased nearly 5% in the last 24 hours, indicating a low interest among traders.
Analyst Michael van de Poppe predicted an upcoming rally for Bitcoin if it breaks and holds above the $106,000 level. The crypto market action remains sideways as traders shift to a short-term strategy in response to tariffs.
He added that the volatility is expected to remain high this week as well, with PMI and unemployment due this week.
Also Read: Bitcoin Exchange Reserves Hit All-Time Low Below 2.6M BTC
