On Feb. 25, Japanese funding agency Metaplanet introduced that it had bought a further 135 BTC for round $96,000 per bitcoin.
The $13 million purchase has elevated the agency’s complete holdings to 2,235 BTC, value round $205 million at present market costs. Its most up-to-date addition to this stash was on Feb. 20, with a 68 BTC purchase.
The most recent buy has propelled Metaplanet to the fifteenth-largest company holder of BTC globally, simply behind Voyager Digital, according to BitBO.
*Metaplanet purchases further 135 $BTC* pic.twitter.com/JA3Rd9E8lP
— Metaplanet Inc. (@Metaplanet_JP) February 25, 2025
Shopping for The Dip
Metaplanet has an identical technique to Technique — previously MicroStrategy — in producing a BTC Yield which measures Bitcoin holdings relative to complete diluted shares. It reported a BTC yield of 23.2% thus far for Q1 2025, which follows 310% in This autumn 2024.
In late January, the agency issued 21 million new shares by inventory acquisition rights to its EVO Fund. Earlier this month, it raised 4 billion yen ($26.7 million) through bonds used to purchase Bitcoin. Since July 2024, Metaplanet has aggressively elevated BTC holdings by fairness and debt financing.
Metaplanet shares have elevated a whopping 3,400% over the previous 12 months. Nevertheless, they dropped 4% on the day on Feb. 25 as Bitcoin and crypto markets crashed.
The Japanese agency shouldn’t be the one one shopping for the dip. El Salvador bought an extra 8 BTC this week, including to its stash, which now totals 6,088 BTC value round $560 million.
The stacking will proceed till morale improves!
— The Bitcoin Workplace (@bitcoinofficesv) February 24, 2025
Only a few hours after saying the profitable completion of a $2 billion providing of convertible notes on Feb. 24, Technique stated it had purchased the identical quantity of BTC, bringing its complete stash to 499,096 BTC value round $46 billion.
Bitcoin Slumps on Trump Tariffs
The continued Bitcoin accumulation got here simply earlier than markets took their largest hit of the yr thus far, with an 13% crash in complete capitalization.
BTC dumped round 10%, falling from $96,000 to its lowest value place in over three months of underneath $87,000.
The market meltdown adopted a information convention with Donald Trump and French President Emmanuel Macron during which Trump stated his deliberate 25% tariffs on Canada and Mexico have been “going ahead on time, on schedule.” An identical crypto crash occurred earlier this month when Trump initially imposed his tariffs.
Fairness markets have additionally been within the crimson this week as shares slid on renewed commerce tariff fears.
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