Japanese investment firm Metaplanet has acquired an additional $44 million worth of Bitcoin, resulting in a 19% increase in its stock price on the day thus far.
Metaplanet CEO Simon Gerovich stated in a March 5 Xpost that the firm purchased 497 Bitcoin (BTC) at approximately $88,448 per coin, totaling $43.9 million. He added that the company has achieved a year-to-date yield of 45%.
The company’s March 5 disclosure indicated that its latest acquisition brings its total Bitcoin holdings to 2,888 BTC at an average purchase price of $84,240 per coin. This stash is valued at around $251 million, with Bitcoin trading at approximately $87,150.
Bitcoin has decreased by around 8.5% in the past 14 days, reaching a three-month low of under $79,000 on February 28 amid concerns over a potential trade war due to US President Donald Trump’s planned tariffs.
Metaplanet’s stock price on the Tokyo Stock Exchange increased by 19% by 2 PM local time on March 5, trading around 3,985 Japanese yen ($26.60), according to Google Finance.
The stock had suffered a decline over the past trading week as Bitcoin plummeted but remains one of the best performers over the last 12 months, having risen over 1,700%.
Metaplanet’s latest purchase marks its second acquisition this week, having acquired 156 BTC on March 3. Gerovich mentioned at that time that the firm was exploring a potential listing outside of Japan, such as in the US.
Metaplanet has acquired 794.5 BTC so far this year and reported gains of approximately $66 million on those purchases in Q1 2025. The firm aims to accumulate 21,000 BTC by 2026 as part of its broader strategy to lead Japan’s Bitcoin renaissance.
These recent acquisitions have positioned Metaplanet as the 12th-largest corporate Bitcoin holder globally and the largest in Asia, having surpassed Hong Kong gaming firm Boyaa Interactive International, according to BiTBO.
Gerovich met with officials at the New York Stock Exchange and Nasdaq in late February to introduce the firm’s “platforms and functions.” “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” he stated on X on March 3.