Japanese investment company Metaplanet has increased its Bitcoin holdings to over $400 million after its latest purchase.
The mentioned firm acquired 330 Bitcoins for $28.2 million. The relevant information is contained in a post published on Monday, April 21, by Metaplanet chief executive officer Simon Gerovich on the social media platform X. In this case, the average price was $85,605 per Bitcoin. The total holdings of the investment company reached 4,855 BTC worth $414 million. The firm’s Bitcoin yield surpassed 119% year-to-date after its latest investment.
Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC last month. This was reported by the media.
Holdings worth $414 million in Bitcoin make Metaplanet the largest in Asia and the 10th largest BTC holder in the world. This is evidenced by data from Bitbo.
Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, stated that the increasing institutional presence of companies such as Tether and Strategy is accelerating Bitcoin’s four-year cycle. In a media comment, this expert noted that the mentioned circumstance means that the bottom will be in the third quarter of the current year, and the peak will be reached in mid-2026. At the same time, the analyst underlined that it can move a bit sooner, as the market is now more mature and has more liquidity.
The latest acquisitions are part of Metaplanet’s plans to accumulate 21,000 Bitcoins by next year. These actions and intentions are consistent with the company’s mission of driving BTC adoption in Japan.
Metaplanet, often dubbed Asia’s MicroStrategy, has drawn comparisons to Michael Saylor’s company Strategy, which continues to top the list of public Bitcoin holders.
The investments of the firm, led by Simon Gerovich, became known a week after the last purchase made by Strategy, the world’s largest corporate BTC holder.
Strategy bought 3,459 BTC for $285.5 million. In this case, the average price was $82,618 per Bitcoin. The total holding of the company reached 531,644 BTC worth $35.92 billion. The media published the relevant information last week.
It is worth noting that analysts are currently optimistic about the prospects for Bitcoin price growth in the next decade. It is noteworthy that this point of view demonstrates stability and resilience against the background of the so-called tariff uncertainty, which is a global-scale state of affairs and a factor limiting the propensity for any risk among traditional and crypto investors in the short term.
The most ambitious forecasts suggest that by 2035, the price of Bitcoin could exceed $1.8 million. One of the proponents of this predictive point of view, based on a kind of radical optimism, is Joe Burnett, director of market research at Unchained. In a media comment, he stated that Bitcoin’s favorable prospects are linked to the growing recognition of BTC as a superior savings technology capable of competing with or surpassing gold’s $21 trillion market capitalization.
