{"id":125326,"date":"2025-03-18T17:17:00","date_gmt":"2025-03-18T17:17:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125326"},"modified":"2025-03-18T17:17:00","modified_gmt":"2025-03-18T17:17:00","slug":"metaplanet-buys-the-dip-with-150-btc-purchase","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125326","title":{"rendered":"Metaplanet buys the dip with 150-BTC purchase"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMetaplanet, a Japanese Bitcoin treasury company, has purchased an additional 150 Bitcoin (BTC), bringing it one step closer to its plan of acquiring 21,000 BTC by 2026. The March 18 purchase cost an aggregate 1.88 billion yen ($12.6 million) or $83,671 per Bitcoin.<br \/>\nThe purchase brings Metaplanet\u2019s total holdings to 3,200 BTC worth $261.8 million at this time of writing. Despite this latest buy, Metaplanet\u2019s stock price has fallen 0.5% on the day. On March 5, the company\u2019s stock price jumped 19% after it announced its latest Bitcoin buy of 497 coins.<br \/>\nMetaplanet stock price change on March 18. Source: Google FinanceTo date, Metaplanet has issued a little over 44 million common shares of company stock to fund its Bitcoin purchases. The use of stocks to raise money to buy Bitcoin has given the company the nickname \u201cAsia\u2019s MicroStrategy,\u201d as the formula follows similar actions from Michael Saylor\u2019s Strategy (formerly MicroStrategy).<br \/>\nMetaplanet\u2019s BTC yield, a key performance indicator that shows the percentage change of total BTC holdings compared to fully diluted shares outstanding, is 60.8% for the ongoing quarter from Jan. 1, 2025, to March 18, 2025. That is a smaller change than the previous quarter, which saw a yield of 310%.<br \/>\nRelated: Japan\u2019s Metaplanet buys more Bitcoin, explores potential US listing<br \/>\nMetaplanet\u2019s March 18 Bitcoin purchase makes it the 11th-largest corporate holder of Bitcoin and the largest in Asia, according to data from Bitgo.<br \/>\nMetaplanet\u2019s 21,000 BTC plan sparks investor interest<br \/>\nAfter Metaplanet announced its plan to become a Bitcoin treasury company, its stock price rose 4,800% as of Feb. 10. Although its stock price has fallen 34% to 4,030 yen ($26.9) since Feb. 19, it is still well above the 150 yen ($1) that it registered on March 19, 2024.<br \/>\nAccording to a company presentation, Metaplanet\u2019s shareholder base grew 500% in 2024, with 50,000 people or entities investing in the company. Its market capitalization has increased 9,652% in one year, according to data from Stock Analysis.<br \/>\nRelated: Japan asks Apple, Google to remove unregistered crypto exchange apps<br \/>\nMetaplanet\u2019s rise comes as Japan has shown a softening stance toward digital assets. On March 6, the country\u2019s ruling party moved to reduce crypto capital gains taxes by 20%. In November 2024, the government passed a stimulus package, committing to crypto tax reform.<br \/>\nJapanese lawmaker Satoshi Hamada has asked the government to consider creating a strategic Bitcoin reserve and convert part of its foreign exchange reserve into BTC.<br \/>\nHowever, Japanese Prime Minister Shigeru Ishiba later responded, saying the Japanese government didn\u2019t know enough about other countries\u2019 plans, which made it difficult for the government to express its views on the subject.<br \/>\nMagazine: X Hall of Flame, Benjamin Cowen: Bitcoin dominance will fall in 2025<a href=\"https:\/\/cointelegraph.com\/news\/metaplanet-buys-dip-150-btc-purchase?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMetaplanet, a Japanese Bitcoin treasury company, has purchased an additional 150 Bitcoin (BTC), bringing it one step closer to its plan of acquiring 21,000 BTC by 2026. The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125326"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125326"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125326\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125326"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}