Metaplanet Stock Soars 8% on Bitcoin Binge

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Well, here we are again, folks. Metaplanet, the Japanese version of MicroStrategy, has gone and done it once more. They’ve scooped up a cool 162 bitcoins for a tidy sum of $13.5 million, riding the recent dips in the BTC market like a pro. This little escapade sent their stock price soaring 8% past the 3,500 JPY mark on Wednesday. 🚀

Now, you might be thinking, “What’s the rush?” Well, it seems the Bitcoin market is under a bit of pressure this week, what with the US CPI data release and the ongoing Trump tariff war. But Metaplanet, ever the opportunist, is lapping up these dips like a cat at a cream feast. 🐱

On Wednesday, Metaplanet announced its latest Bitcoin binge, snapping up 162 BTC for about $13.5 million, with an average purchase price of $83,123 per Bitcoin. The company boasts a year-to-date (YTD) BTC yield of 53.2% in 2025, which is no small feat in this rollercoaster of a market. 🎢

As of March 12, 2025, Metaplanet holds a total of 3,050 BTC, acquired at a cumulative cost of roughly $253.7 million, with an average purchase price of $83,180 per Bitcoin. Nearly 50% of its total BTC holdings have been bought in 2025 alone. That’s some serious FOMO, if you ask me. 😱

Earlier today, the company’s Board of Directors gave the green light to issue its 8th Series of Ordinary Bonds to EVO FUND. The JPY 2 billion (about $18.2 million) bond issuance is part of their grand plan to buy more Bitcoin. This announcement comes just two days after MicroStrategy announced its own plans to raise $21 billion for Bitcoin purchases. 🤑

According to the notice, the funds raised will be earmarked for Bitcoin purchases, as detailed in their January 28, 2025 notice regarding Stock Acquisition Rights. Following this news, the stock price shot up 7.93%, reaching the 3,605 JPY level. Amid the current market volatility, the stock has been bouncing around between 3,300 to 4,000 JPY levels. 📈

BTC Whale Accumulation on the Rise

Despite the strong selling pressure in BTC over the past few weeks, long-term holders and Bitcoin whales have been quietly accumulating at every dip. According to data from CryptoQuant, Bitcoin whales have hoarded over 65,000 BTC in the last 30 days, even as the cryptocurrency faces ongoing market corrections. 🐳

While this accumulation might not have an immediate impact on Bitcoin’s short-term price, it suggests that influential holders are confident in the long-term prospects. BTC’s price is currently holding above the crucial support of $80,000, but there are whispers of a dip under $70,000 before the long-term uptrend resumes. 🤔

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2025-03-12 11:53