Metaplanet Accelerates Bitcoin Accumulation Amid Mixed Market Signals
Tokyo-listed investment firm Metaplanet has continued to assert its role as a Bitcoin “corporate whale” by announcing the purchase of an additional 797 BTC worth approximately $92.5 million. The move brings the firm’s total Bitcoin holdings to 17,132 BTC, more than half of its 2025 target of 30,000 BTC.
The transaction was reportedly made at an average price of $118,416 per BTC, suggesting Metaplanet is pursuing a strategy of “buying into a consolidated uptrend” rather than waiting for a correction. To date, the firm has spent approximately $1.73 billion on Bitcoin, with an average cost of $99,922 per BTC.
Bitcoin Nears All-Time High, Trading Heavily
Bitcoin (BTC) has rebounded strongly after last weekend's decline, approaching $120,000 in the first session of the week, with trading volume jumping more than 36%. BTC is now less than 4% away from its all-time high of $123,091, further bolstering confidence in buying strategies like Metaplanet's.
Options Signal Struggle
Data from Glassnode shows that the options market is reflecting mixed sentiment:
On the 1-week timeframe, call options are in overwhelming demand, suggesting short-term bullish expectations.
But on the 1-month timeframe, put options are trading at a 4.6% premium, reflecting hedging and profit-taking.
Broader Implications
Metaplanet's continued BTC accumulation shows a shift in confidence in Bitcoin as a long-term strategic asset, despite short-term volatility. Meanwhile, signals from the derivatives market highlight that the current price phase could be a stepping stone for further volatility.
If the 30,000 BTC target is reached this year, Metaplanet will solidify its position as one of the largest Bitcoin holders outside of MicroStrategy, helping shape the global corporate BTC accumulation trend.