Key Takeaways
- Metaplanet Inc. said on Wednesday it purchased 5,268 Bitcoin, raising its total holdings to 30,823 Bitcoin.
- The Tokyo-listed firm spent 91.66 billion yen on the latest acquisition, paying an average of 17.39 million yen ($115,000) per Bitcoin.
- The company’s total Bitcoin acquisitions now stand at 489.87 billion yen, with an average cost of 16.89 million yen per coin.
- With this move, Metaplanet ranks fourth globally among public companies holding Bitcoin, behind MicroStrategy, Marathon Digital, and one other U.S. firm.
- Metaplanet has financed its purchases through equity issuance and bond redemption, positioning itself as Japan’s most prominent corporate entrant into the Bitcoin treasury race.
Metaplanet Inc. announced on Wednesday that it purchased an additional 5,268 Bitcoin as part of its ongoing treasury operations, lifting its total holdings to 30,823 Bitcoin and making it the fourth largest public holder of the cryptocurrency.
In the official filing, the Tokyo-listed firm said it paid an average 17,398,629 yen ($115,000) per Bitcoin in its latest purchase, with an aggregate outlay of 91.66 billion yen. The company’s total Bitcoin acquisitions now stand at 489.87 billion yen at an average price of 16,893,013 yen per coin.
Metaplanet began shifting into Bitcoin as a core treasury asset in December 2024, and the company has since used a mix of equity issuance and bond redemptions to finance purchases, while also carrying out a 10-for-1 stock split earlier this year.
The latest addition pushes Metaplanet ahead of several BTC public holders, leaving it behind only MicroStrategy, Marathon Digital Holdings and XXII, while Tesla and Coinbase remain further down the list.
Metaplanet Stock Softens, Technical Signals Point to Loss of Strength
Despite the latest acquisition news, Metaplanet shares closed at about $3.45 on Wednesday, slipping nearly 1% and extending a broader pullback from recent highs.
Technical indicators point to softening momentum, with the MACD crossing below its signal line and the relative strength index easing to 41, a level that suggests fading buying pressure while still short of oversold territory.
Additionally, the drop in RSI highlights a decreased buying pressure and puts the stock closer to oversold territory, though it has not yet entered that range.
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