Metaplanet Buys Additional Bitcoin Worth ¥7.6 Billion, Bitcoin Price Surges Above $97,000

By: bitcoin magazine|2025/05/07 21:15:02

Bitcoin MagazineMetaplanet Buys Additional Bitcoin Worth ¥7.6 Billion, Bitcoin Price Surges Above $97,000Japanese firm Metaplanet has acquired 555 Bitcoin worth approximately ¥7.6 billion ($53.5 million), bringing its total holdings to 5,555 BTC as the price continues its rally above $97,000. Following the purchase, Metaplanet announced plans to issue an additional ¥3.6 billion ($25 million) in zero-coupon bonds to EVO FUND for further Bitcoin acquisitions. JUST IN: Metaplanet bought another 555 #Bitcoin worth ¥7.6 billion.They now hold 5,555 BTC pic.twitter.com/rRoB6cKRPe— Bitcoin Magazine (@BitcoinMagazine) May 7, 2025The company now holds the largest Bitcoin treasury among public companies in Asia, with its total holdings valued at approximately $537 million at current prices.The aggressive accumulation strategy mirrors Strategy’s recently announced plans to raise $84 billion for Bitcoin purchases. Strategy currently holds 555,450 BTC, though it has been surpassed by BlackRock’s iShares Bitcoin Trust (IBIT), which now controls over 620,000 BTC worth $58.5 billion.Metaplanet’s shares responded positively to the announcement, closing up 11.45% at ¥477 on the Tokyo Stock Exchange. The company has indicated that these purchases will have minimal impact on its consolidated financial results for fiscal year 2025.Bitcoin reacted to the US-China tariff news by climbing above $97,000, trading at $97,018 at press time, up 3.38% over the past 24 hours. The price surge comes amid strong institutional demand, with BlackRock’s IBIT recording inflows of 5,613 BTC ($529.5 million) on Monday alone.The Japanese firm’s latest purchase and bond issuance underscore the growing trend of corporate Bitcoin adoption, as companies increasingly view Bitcoin as a strategic treasury asset.This post Metaplanet Buys Additional Bitcoin Worth ¥7.6 Billion, Bitcoin Price Surges Above $97,000 first appeared on Bitcoin Magazine and is written by Vivek Sen.

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