Metaplanet Adds $67 Million to Bitcoin
Metaplanet ( Japan ) bought an additional 696 BTC worth $67 million, bringing its total Bitcoin holdings to 4,046 BTC (over $341 million).
Stock splits aim at investor accessibility
The acquisition comes shortly after Metaplanet issued 2 billion Japanese yen ($13.3 million) in bonds to purchase more BTC.
Metaplanet buys more Bitcoin after 10-1 reverse stock split to lower barriers to entry for retail investors. The company warned that the sharp rise in share price has pushed the minimum purchase amount above 500,000 yen, creating a financial burden for investors.
Stock splits are intended to reduce the price per unit traded to improve liquidity and expand the company's investor base.
According to investing.com, the 10-for-1 stock split was completed on March 28.
Metaplanet, dubbed “ Asia’s Microstrategy ,” aims to accumulate 21,000 BTC by 2026. The company currently holds 4,046 BTC, ranking ninth globally in terms of Bitcoin holdings.
Strategy is also buying Bitcoin
Metaplanet Buys More Bitcoin Amid Institutional Buying. On March 31, Michael Saylor's Strategy bought 22,048 BTC worth $1.92 billion , bringing its total Bitcoin holdings to over 528,000 BTC, at an average price of $67,458 per BTC.
Institutions still believe in Bitcoin despite market turmoil over former President Trump’s upcoming tariffs. Analyst Iliya Kalchev said risks remain high, while the April 2 announcement of tariffs could fuel inflation concerns and hurt risk assets like Bitcoin.