Metaplanet, based in Japan, expanded its Bitcoin holdings, buying 696 BTC for 10.152 billion yen ($ 67 million), the company announced in an article on April 1 on X.
The investment pushes Metaplanet Bitcoin’s total hiding place at 4,046 BTC, worth more than $ 341 million at the time of writing this document.
Source: Metaplanet
Split of actions targets the accessibility of investors
The acquisition comes shortly after Metaplanet issued 2 billion Japanese yen ($ 13.3 million) of bonds to buy more BTC, reported on March 31.
Source: Simon Gerovich
This decision also comes shortly after the distribution of reversed actions from 10 to 1 from Metaplanet. The company had previously warned in a depositor of February 18 that its course of action had increased considerably, creating a barrier raised at the entrance for retail investors.
“We have implemented a reverse actions fractionation consolidating 10 shares in 1. Since then, our stock market has increased considerably, and the minimum amount required to buy our stocks on the market has now exceeded 500,000 yen, creating a substantial financial burden for investors”, according to a notice of February 18.
Announcement of fractionation of actions. Source: Metaplanet
The distribution of shares aims to reduce the price per negotiation unit to improve liquidity and extend the company’s investors’ basis.
Metaplanet Stock Split History. Source: Investing.com
The splitting of a share of 10 to 1 was completed on March 28, according to Investing.com.
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Metaplanet, often called “Asian microstrategy”, aims to accumulate 21,000 BTC by 2026 as part of its strategy to direct the adoption of bitcoin in Japan. With 4,046 BTC in his treasure, he is currently ascending as a ninth corporate Bitcoin holder worldwide, according to Bitbo Data.
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The strategy is also to buy Bitcoin dip
The purchase of Metaplanet intervenes during an institutional purchase period of decline, the strategy of Michael Saylor announcing his last acquisition on March 31. The strategy bought 22,048 bitcoin for $ 1.92 billion at an average price of $ 86,969 per Bitcoin in its latest weekly BTC transport.
The company now holds more than 528,000 bitcoin acquired for $ 35.63 billion at an average price of $ 67,458 per BTC, said Saylor in a position of March 31.
Source: Michael Saylor
Institutions are confident in Bitcoin despite the uncertainty of the global market around the imminent tariff announcement of the American president Donald Trump, which could create significant volatility in the cryptographic and traditional markets.
“The risk appetite remains stifled among President Trump’s pricing threats and the current macro uncertainty,” Nexo Dispatch analyst Iliya Kalchev told Cointelegraph.
The announcement of April 2 should detail the reciprocal trade rates targeting the main American trade partners, a development that could increase concerns related to inflation and limit the demand for risk assets such as Bitcoin.
https://www.youtube.com/watch?v=ESB74SYK828
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