Japanese company Metaplanet bought another 1088 BTC

Japanese investment firm Metaplanet, which is informally referred to in the media as the “Japanese MicroStrategy” due to its active strategy of buying Bitcoin, announced the purchase of 1,088 BTC worth approximately $117 million.

The average price per coin was $108,072, bringing the company’s total crypto holdings to 8,888 bitcoins, and total investments in digital gold to approximately $851 million. Metaplanet shares (ticker: 3350) have risen nearly 5,000% over the past year, a significant rebound after years of decline. However, their value remains well below the all-time highs of 2013, which began a long decline that lasted more than a decade.

In January 2025, Metaplanet officially announced plans to raise 116 billion Japanese yen (approximately $745.5 million) to accelerate the accumulation of bitcoins. The company explained this decision by the weakness of the national currency, the yen, as well as the expected growth of the first cryptocurrency to new records. At that time, the management emphasized that it intended to purchase bitcoins as quickly as possible to take advantage of the current economic conditions and protect capital from the devaluation of the yen.

This strategy has already begun to yield results: the growth of the company's stock prices was a consequence of the change in the development vector and focus on digital assets. At the same time, experts note that Metaplanet's success largely depends on the further dynamics of the Bitcoin market and the willingness of investors to perceive crypto assets as a reliable means of preserving capital in the context of global instability and the devaluation of traditional currencies.