Metaplanet, often referred to as “Asia’s MicroStrategy,” has been steadily increasing its Bitcoin holdings since April 2024, following a strategy similar to U.S.-based MicroStrategy (now Strategy), which has aggressively bought Bitcoin as a treasury reserve. Recent articles from The Block, BitcoinEthereumNews, Cointelegraph, and others, dated April 20, 2025, confirm the recent purchase, providing detailed metrics and context. This aligns with a broader trend of institutional adoption of Bitcoin, amid a volatile market influenced by U.S. President Donald Trump’s tariff policies and global economic conditions.
Purchase Details
Metaplanet’s latest acquisition, announced on April 20, 2025, involved purchasing 330 BTC for $28.2 million, with an average price of $85,605 per BTC, per The Block and BitcoinEthereumNews. This brings their total holdings to 4,855 BTC, with CEO Simon Gerovich noting a Bitcoin yield of 119.3% year-to-date (YTD) for 2025, per BitcoinEthereumNews. The purchase was made at a time when Bitcoin was trading at $87,279, up 2.5% in the past 24 hours, marking its first rally above $87,000 since April 2, 2025, per The Block.
| Metric | Value |
|---|---|
| Additional BTC Purchased | 330 |
| Total Cost | $28.2 million |
| Average Price per BTC | $85,605 |
| Total Holdings Post-Purchase | 4,855 BTC |
| Estimated Value at Announcement | Approximately $423.7 million (based on $87,279 per BTC at announcement) |
| YTD Bitcoin Yield | 119.3% |
This table summarizes the key financial details, highlighting the scale of the purchase and its valuation.
Crypto Market Uncertainty
The purchase was made “against crypto market uncertainty,” specifically driven by U.S. tariff measures, as noted in The Block and BitcoinEthereumNews. U.S. President Donald Trump has implemented various tariff policies, including a 10% baseline tariff on most imports and higher duties on certain countries, announced in early April 2025, per CNBC. These measures have contributed to market volatility, with Bitcoin experiencing significant price swings, including a drop to $76,000 in early April before the recent rally, per CoinGecko (CoinGecko). Despite this, Metaplanet’s continued buying suggests confidence in Bitcoin’s long-term value as a hedge against economic uncertainty.
Supporting Factors and Market Dynamics
Several factors support Metaplanet’s strategy:
- Institutional Adoption: Metaplanet’s approach mirrors MicroStrategy’s, which has accumulated over 200,000 BTC, positioning Bitcoin as a treasury reserve asset. This trend is supported by U.S. spot Bitcoin ETFs, with BlackRock’s ETF becoming the fastest-growing in history, per Forbes (Forbes), potentially encouraging similar moves.
- Regulatory Environment: President Trump’s pro-crypto policies, including a Strategic Bitcoin Reserve order on March 6, 2025, and appointing Paul Atkins as SEC chair, effective January 20, 2025, foster a favorable environment, per Reuters (Reuters). This aligns with Metaplanet’s accumulation strategy.
- Market Resilience: Despite volatility, Bitcoin has shown resilience, with a recent rally above $87,000, its first since April 2, 2025, per The Block. This rally, coinciding with Metaplanet’s purchase, suggests market recovery, supporting their confidence.
However, challenges include market volatility, with a $314.69 million liquidation event on April 11, 2025, triggered by Bitcoin’s surge to $82,245, per BlockchainReporter (BlockchainReporter), highlighting risks for leveraged positions.
Controversies and Analyst Perspectives
There is some controversy surrounding Metaplanet’s strategy:
- Optimists: Supporters, implied in market reactions per Cointelegraph, see Metaplanet’s purchase as a vote of confidence, potentially boosting Bitcoin’s price and encouraging institutional adoption. They highlight the YTD yield of 119.3% as evidence of success, per BitcoinEthereumNews.
- Skeptics: Critics, inferred from market volatility concerns, argue that buying during uncertainty is risky, especially given U.S. tariff impacts, per The Block. They note potential losses if Bitcoin prices drop further, adding complexity to the strategy.
This debate underscores the complexity, with the evidence leaning toward a strategic move, but acknowledging market risks.
Metaplanet buys additional 330 BTC against crypto market uncertainty | The BlockMetaplanet Acquires 330 BTC For $28.2 Million – BitcoinEthereumNews
