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Tokyo-listed investment firm Metaplanet has purchased an additional 135 Bitcoin worth $12.9 million, the company announced on Tuesday. This latest acquisition was made at an average price of 14.3 million yen ($95,951) per Bitcoin, totaling 1.9 billion yen, according to a&nbsp;<a href="https://www.theblock.co/post/343169/metaplanet-buys-additional-12-9-million-worth-of-bitcoin-now-holds-2235-btc-in-total?ref=btcpeers.com" rel="noopener noreferrer nofollow">report</a>&nbsp;from Block.
With this recent purchase, Metaplanet has increased its total Bitcoin holdings to 2,235 BTC. This represents a substantial growth from the 1,761 BTC the company held at the end of last year and the 141 BTC it owned at the end of June 2024.
The investment aligns with Metaplanet's long-term Bitcoin accumulation strategy that was first announced in April. In December, the Japanese firm officially designated its Bitcoin treasury operations as a core business line. The company has set ambitious targets for its cryptocurrency holdings:
<ul>
 <li>Reach 10,000 BTC by the end of 2025</li>
 <li>Achieve 21,000 BTC by the end of 2026</li>
</ul>
Despite the significant investment in Bitcoin, Metaplanet's stock experienced a slight decline, dropping 1.3% during the Tuesday lunch break in Japan. Trading continued in the afternoon session.
The company's stock performance has been strong overall, with a 67.5% increase since the beginning of 2024. Over the past year, Metaplanet's stock has seen even more substantial growth, rising 233.7% according to Google Finance data.
The firm's continued investment in Bitcoin comes amid growing institutional interest in cryptocurrency assets, with various companies adding Bitcoin to their balance sheets as part of treasury management strategies. Metaplanet's strategy mirrors that of other Asian investment firms entering the cryptocurrency market. Hong Kong-based HK Asia Holdings Limited recently <a href="https://btcpeers.com/hong-kong-investment-firm-increases-bitcoin-holdings-after-initial-purchase-doubled-stock-value/" rel="noopener noreferrer nofollow">expanded</a> its Bitcoin holdings to 8.88 BTC, according to a February 23 announcement. The firm's initial purchase of just 1 Bitcoin caused its share price to surge nearly 93% when markets reopened on February 17. HK Asia's shares have gained an impressive 1,700% in value this year, with the company citing "increasing popularity of cryptocurrencies in the commercial world" as a key factor in its investment decisions.

Metaplanet Continues Bitcoin Accumulation Strategy with $12.9 Million Investment

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