Bitcoin Adoption Grows: Metaplanet Acquires 68 BTC For $6.6 Million

Metaplanet, a Japanese investment firm, has once again extended its Bitcoin portfolio, marking a significant milestone in its aggressive accumulation approach. The company, which is sometimes likened to MicroStrategy ( now Strategy ) for its Bitcoin-focused blueprint, recently acquired an additional 68.59 BTC , bringing its total holdings to 2,100 BTC. This recent purchase, at almost $6.6 million, was made at an average price of $96,335 per Bitcoin. Aiming For A Massive Bitcoin Stash Metaplanet has set an ambitious target of acquiring 10,000 BTC by the end of 2025, with an even loftier goal of 21,000 BTC by 2026. To support this expansion, the company will use internal cash and raise capital through equity and debt offers. With Bitcoin being viewed as a hedge against economic volatility, Metaplanet is positioning itself as a major player in corporate cryptocurrency adoption. Stock Price Sees Immediate Reaction Metaplanet’s stock price registered a 2.78% increase after the company’s Bitcoin buying spree . Although the increase wasn’t remarkable, it still shows that investors are interested in putting money in the company, especially in its Bitcoin strategy. METAPLANET CONTINUES BITCOIN ACCUMULATION, PLANS TO HOLD 10,000 BTC BY YEAR END Metaplanet has expanded its bitcoin holdings with a new purchase of 68 BTC for $6.6 million, reinforcing its position as a major corporate bitcoin holder. The company now holds 2,100 BTC, securing… pic.twitter.com/v8hKrFaymq — IBC Group Official (@ibcgroupio) February 20, 2025 The move follows that of Strategy, which has of late been acquiring a sizable amount of Bitcoin. The positive reaction from investors indicates that they view Metaplanet’s crypto holdings as a long-term value proposition. Following Strategy’s Path Metaplanet’s concept is quite similar to Strategy. The US-based company has become a large institutional Bitcoin holder, amassing approximately 480,000 BTC. Strategy has revealed plans to raise an additional $2 billion in convertible bonds to boost its Bitcoin reserves. Metaplanet appears to be pursuing a similar path, but on a smaller scale at the moment. Bitcoin Adoption Among Companies Grows For companies like Metaplanet, changing rules and the price fluctuation of Bitcoin present major hurdles. But companies trying to offset inflation and devaluation of currencies find appeal in Bitcoin’s limited availability. Adoption of corporate Bitcoin is thus rising as businesses look for substitute reserve assets. All eyes will be on Metaplanet’s potential to reach 10,000 BTC by 2025 as Bitcoin accumulation intensifies. The company’s latest purchase shows its commitment to Bitcoin, but only time will tell how this aggressive plan will pan out. Featured image from Gemini Imagen, chart from TradingView