Metaplanet Buys 1,088 BTC, Joins Top 10 Holding Companies

Japanese investment firm Metaplanet has increased its total Bitcoin holdings to 8,888 BTC after purchasing 1,088 Bitcoins at an average price of $108,400 .

Metaplanet just surpassed Galaxy Digital and Block Inc. in terms of Bitcoin holdings, showing that institutional confidence remains strong despite market volatility.

Meanwhile, Strategy – led by Michael Saylor – bought another 705 BTC for $75.1 million, bringing its total reserves to 580,955 BTC (worth over $40 billion ). This continuous accumulation strategy has attracted a lot of attention, especially after a company director sold shares.

Despite market volatility, crypto investment products recorded $286 million in inflows last week, the seventh consecutive week of capital attraction.

Bitcoin ETPs saw light outflows, while Ethereum products surged with $321 million, the strongest week since late 2024.

Metaplanet Buys More BTC
Japanese investment firm Metaplanet has become the world's eighth-largest Bitcoin holder after purchasing an additional 1,088 BTC at an average price of $108,400 per coin, worth a total of $117.9 million.

Metaplanet's total Bitcoin holdings now stand at 8,888 BTC, surpassing Galaxy Digital and Block Inc. The purchase above $100,000 shows strong institutional confidence in the market's uptrend.

The Bitcoin purchases come amid economic uncertainty, particularly in the Japanese bond market where spikes in yields have raised concerns about financial stability.

Bitwise 's André Dragosch says G20 bond default risk is supporting Bitcoin's valuation above $200,000.

Bitcoin recently hit a record high of $112,000 on May 22, before falling to around $ 105,464 .

Bitfinex analysts believe that the current price consolidation is healthy and if Bitcoin holds above $95,000, it could be a stepping stone for a strong rally in Q3.