Metaplanet stock jumps 19% as it buys the dip with 497 Bitcoin purchase

Japanese concern steadfast Metaplanet has bought different $44 cardinal worthy of Bitcoin, which has seen its banal leap by 19% connected the time truthful far.

Metaplanet CEO Simon Gerovich said successful a March 5 X post that the steadfast bought 497 Bitcoin (BTC) astatine astir $88,448 per coin for a full walk of $43.9 million. He added the institution has achieved a year-to-date output of 45%.

The company’s March 5 disclosure said its latest acquisition brings its full Bitcoin holdings to 2,888 BTC astatine an mean acquisition terms of $84,240 per coin. The stash is worthy astir $251 million, with Bitcoin trading astatine astir $87,150.

Bitcoin has fallen astir 8.5% successful the past 14 days and deed a three-month debased of nether $79,000 connected Feb. 28 amid concerns of a looming commercialized warfare from US President Donald Trump’s planned tariffs.

Metaplanet’s banal terms connected the Tokyo Stock Exchange was up 19% by 2 p.m. section clip connected March 5 and was trading astir 3,985 Japanese yen ($26.60), according to Google Finance.

Metaplanet banal March 5. Source: Google Finance

Its banal had taken a deed implicit the past trading week arsenic Bitcoin tanked, but remains 1 of the champion performers implicit the past 12 months, expanding implicit 1,700%.

Metaplanet’s latest bargain is its 2nd acquisition this week, having scooped up 156 BTC connected March 3. Gerovich said astatine the clip that the steadfast was exploring a imaginable listing extracurricular of Japan, specified arsenic successful the US.

Related: Bitcoin, crypto ‘dip bargain hype’ is present astatine its highest level successful 7 months

Metaplanet has acquired 794.5 BTC truthful acold this twelvemonth and reported gains of astir $66 cardinal connected those purchases successful Q1 2025. It aims to accumulate 21,000 BTC by 2026 arsenic portion of its broader strategy to pb Japan’s Bitcoin renaissance. 

These latest acquisitions person propelled Metaplanet to go the 12th-largest firm Bitcoin holder globally and the largest successful Asia, having surpassed Hong Kong gaming firm Boyaa Interactive International, according to BiTBO.

Source: Simon Gerovich

Gerovich met with officials astatine the New York Stock Exchange and Nasdaq successful precocious February to present the firm’s “platforms and functions.” “We are considering the champion mode to marque Metaplanet shares much accessible to investors astir the world,” helium said connected X connected March 3.

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