Japanese investment firm Metaplanet has continued its aggressive Bitcoin acquisition strategy, purchasing an additional ¥300 million ($2 million) worth of digital assets to bolster its corporate treasury. Despite recent market volatility, the company’s latest buy was disclosed in a September 10 regulatory filing, showcasing its commitment to long-term Bitcoin investment.
The filing revealed that Metaplanet acquired 38.464 BTC at an average price of ¥7.8 million ($54,517) per Bitcoin during a period of market decline, seizing the opportunity to buy at a relatively low price. The acquisition comes at a time when Bitcoin’s price dipped below the $54,000 mark, a moment that Metaplanet’s Director of Bitcoin Strategy, Dylan LeClair, appeared to welcome. On September 8, LeClair tweeted, “Thankful for this price action. Have some capital to deploy,” signaling the company’s proactive approach in taking advantage of market dips to accumulate more BTC.
With this latest purchase, Metaplanet’s total Bitcoin holdings now stand at 398.832 BTC, with an aggregate investment of ¥3.75 billion ($26.12 million). The firm has been steadily building its Bitcoin position at an average price of ¥9.4 million per Bitcoin, demonstrating confidence in the long-term value and stability of the world’s largest cryptocurrency.
Metaplanet’s continued investment in Bitcoin underscores a broader trend of institutional adoption, where traditional financial institutions increasingly look to digital assets as a hedge against inflation, currency devaluation, and uncertain macroeconomic conditions. As more companies turn to Bitcoin for treasury management, Metaplanet’s strategic moves may signal its belief that the cryptocurrency will play a pivotal role in the future of finance.
