Metaplanet acquires $28M in Bitcoin to reach $414M in holdings

Japanese investment firm Metaplanet has expanded its Bitcoin (CRYPTO:BTC) portfolio to over $414 million following a $28.2 million purchase, positioning itself as Asia’s largest corporate holder of the cryptocurrency.

The firm acquired 330 Bitcoin at an average price of $85,605 per BTC on April 21, CEO Simon Gerovich announced.

This brings Metaplanet’s total holdings to 4,855 BTC, ranking it 10th globally among corporate Bitcoin holders, according to Bitbo data.

Metaplanet recently issued 2 billion yen ($13.3 million) in bonds to fund Bitcoin purchases, part of its strategy to accumulate 21,000 BTC by 2026.

The firm’s Bitcoin holdings have generated a 119% year-to-date yield, reflecting its aggressive adoption strategy in Japan.

Analysts link Metaplanet’s moves to a broader institutional trend accelerating Bitcoin’s market cycle.

“The growing presence of firms like Metaplanet and Tether (CRYPTO:USDT) could shorten Bitcoin’s four-year cycle, with a potential peak by mid-2026,” said Brickken analyst Enmanuel Cardozo.

The firm, often called “Asia’s MicroStrategy,” mirrors the strategy of Michael Saylor’s company, which holds 531,644 BTC worth $35.92 billion.

MicroStrategy added 3,459 BTC for $285.5 million in mid-April, maintaining its position as the largest corporate holder.

Bitcoin’s long-term outlook remains bullish, with Unchained’s Joe Burnett predicting a $1.8 million price by 2035 if it rivals gold’s $21 trillion market capitalisation.

“Bitcoin is evolving into a superior savings technology,” Burnett stated during a recent live discussion.

Metaplanet’s latest acquisition comes amid market uncertainty over tariffs and regulatory risks.

Nonetheless, analysts highlight growing institutional liquidity as a catalyst for price stability and upward momentum.

The firm’s bond issuance and BTC accumulation strategy underscore its commitment to driving cryptocurrency adoption in Japan, where corporate Bitcoin investments remain rare.

Its holdings now exceed $400 million, reflecting confidence in Bitcoin’s role as a hedge against economic volatility.

At the time of reporting, the Bitcoin (BTC) price was $87,528.03.