Japan's Metaplanet has dramatically boosted its Bitcoin investment. The corporation paid $67M for 696 BTC, increasing its overall holdings to 4,046 BTC, worth more than $341M.
This action follows Metaplanet's recent $13.3M bond offering to purchase further Bitcoin. In addition, the company performed a 10-to-1 reverse stock split to make it more accessible to ordinary investors. Metaplanet, often known as "Asia's MicroStrategy," wants to buy 21,000 BTC by 2026. It's presently the ninth-largest corporate Bitcoin holder globally.
Meanwhile, Michael Saylor's Strategy continues its Bitcoin purchasing frenzy. The company bought 22,048 BTC for $1.92 billion, bringing its total holdings to more than 528,000 BTC.
These institutional purchases come up despite market uncertainty. Concerns are growing over President Trump's imminent tariff announcement, which might affect crypto and traditional markets. The upcoming April 2 announcement may include new trade duties, which could raise inflation concerns and undermine demand for risk assets such as Bitcoin.
