Japan’s MicroStrategy? MetaPlanet Buys 68 BTC in $6.6M Crypto Push – Crypto News – Crypto News
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Japan’s MicroStrategy? MetaPlanet Buys 68 BTC in $6.6M Crypto Push Japan’s MicroStrategy? MetaPlanet Buys 68 BTC in $6.6M Crypto Push

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Japan’s MicroStrategy? MetaPlanet Buys 68 BTC in $6.6M Crypto Push – Crypto News

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MetaPlanet Inc. (TSE: 3350), Japan’s leading Bitcoin-focused investment firm, has bolstered its cryptocurrency treasury once again. The Tokyo-listed company announced the acquisition of 68 additional Bitcoin (BTC) for approximately $6.6 million, reinforcing its aggressive Bitcoin accumulation strategy.

With this latest purchase, MetaPlanet’s total Bitcoin holdings now stand at 2,100 BTC, valued at over $200 million at current market prices. This makes it one of Asia’s most prominent corporate Bitcoin holders, following a trajectory similar to MicroStrategy (NASDAQ: MSTR) in the U.S.

MetaPlanet’s Bold Bitcoin Strategy Mirrors MicroStrategy’s Playbook

MetaPlanet has been positioning itself as the “MicroStrategy of Japan,” leveraging Bitcoin as a reserve asset to drive corporate growth. The firm initially adopted the Bitcoin Standard in April 2024, which has since led to exponential stock gains and increasing investor interest.

Key developments in MetaPlanet’s Bitcoin accumulation plan include:

  • November 2024: Issued 1.75 billion yen ($11.3 million) in bonds to acquire Bitcoin.
  • January 2025: Announced the ‘21 Million Plan’, aiming to become Asia’s largest corporate Bitcoin holder with a 16.65 billion yen capital raise.
  • February 2025: Latest purchase of 68 BTC at an average price of $96,335 per BTC, boosting its long-term BTC holdings.

MetaPlanet’s Representative Director, Simon Gerovich said:

Since adopting the Bitcoin Standard, MetaPlanet has seen remarkable growth. We are capitalizing on this momentum to solidify our position as Japan’s leading Bitcoin company and one of the world’s top corporate Bitcoin holders.

Bitcoin & MetaPlanet Stock Performance

At the time of writing, Bitcoin (BTC) is trading at $97,250, reflecting a 1% daily increase and a 1.4% gain over the past week.

Meanwhile, MetaPlanet’s stock has been outperforming BTC:

  • +2.8% in the last trading session
  • +3.45% over the past five days
  • +27.5% over the past month
Metaplanet Inc. share price today Feb 21, 2025

This momentum signals growing investor confidence in MetaPlanet’s Bitcoin-focused strategy, mirroring the success of MicroStrategy, which has seen its stock price soar alongside Bitcoin.

MetaPlanet Technical Analysis

Key Price Levels

  • Current price: 6,210 JPY
  • Immediate support levels: 5,580 JPY, 4,955 JPY, 4,275 JPY
  • Key resistance levels: 6,560 JPY, 7,230 JPY

Technical Indicators

  • Relative Strength Index (RSI):
    • Currently at 66.65, nearing the overbought zone (70+).
    • A potential correction could occur before the next upward leg.

Is MetaPlanet Stock a Buy?

MetaPlanet’s rapid Bitcoin accumulation and strong stock performance make it an attractive investment for Bitcoin bulls. With a growing institutional-like BTC treasury and strategic capital raises, the company is cementing itself as Asia’s premier Bitcoin stock.

For investors seeking exposure to Bitcoin via traditional equity markets, MetaPlanet (TSE: 3350) is emerging as a top pick, following in the footsteps of MicroStrategy.

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