Metaplanet Expands Bitcoin Holdings with 156 BTC Purchase Amid Market Dip

Japanese investment firm Metaplanet has reinforced its Bitcoin accumulation strategy, acquiring 156 BTC during the recent market dip between Feb. 18 and Feb. 28. The firm announced this move via an official X post, capitalizing on Bitcoin’s temporary decline to a monthly low of $78,942 on Feb. 28.

Metaplanet secured the BTC at an average price of 12,952,147 yen ($86,779 per Bitcoin at the current exchange rate). This marks the company’s second major acquisition in February, following its 269 BTC purchase on Feb. 17. With this latest addition, Metaplanet now holds 2,391 BTC, valued at approximately $199.8 million.

The investment has already paid off, as Bitcoin surged to $92,682.99 at the time of writing, reflecting a 7.75% increase in 24 hours. This price jump has netted Metaplanet an estimated profit of $920,963.

Metaplanet’s strategy mirrors that of MicroStrategy, led by Michael Saylor, known for purchasing Bitcoin during market dips. Recently, MicroStrategy added over $2 billion worth of BTC, leveraging a successful debt issuance to fund its acquisition.

The trend of corporate Bitcoin adoption continues to gain traction, with firms beyond the crypto sector, such as Susquehanna Investment Group and Semler Scientific (NASDAQ: SMLR), integrating Bitcoin into their reserves. As more institutions adopt this strategy, Bitcoin’s role as a corporate treasury asset continues to solidify.

Metaplanet’s latest move reinforces the growing confidence in Bitcoin as a long-term store of value, with firms strategically buying the dip to maximize their holdings and potential returns.