Hold on to your hats, folks, because the crypto rollercoaster just took another wild turn! In a move that could only be described as daring, Japanese investment powerhouse Metaplanet, often dubbed “Asia's MicroStrategy,” is flexing its Bitcoin muscles despite the market's nosedive. Yep, you heard it right! On February 25, Metaplanet snagged an extra 135 BTC, shelling out about $96,000 per Bitcoin. That's a cool $13 million added to their crypto treasure chest, now brimming with 2,235 BTC worth a staggering $205 million.
Metaplanet isn't just playing the game; they're rewriting the rules. This latest acquisition catapults them to the fifteenth spot among the world's biggest corporate Bitcoin holders, just a whisper behind Voyager Digital. It's a bold move in a market that’s been as volatile as a popcorn machine.
But wait, there’s more! Metaplanet has been on a Bitcoin binge since July 2024, bulking up their stash with a mix of equity and debt financing. Their strategy echoes that of Strategy (previously known as MicroStrategy), aiming to boost their BTC yield, which already hit 23.2% in Q1 2025 after soaring 310% in Q4 2024.
Their shares have skyrocketed an eye-popping 3,400% over the past year, although they did take a 4% dip on February 25, in sync with the crypto market's tumble.
And they aren't alone in this crypto shopping spree. El Salvador is also in the game, grabbing 8 more BTC to add to its impressive collection of 6,088 BTC, now worth around $560 million.
Meanwhile, Strategy isn't sitting idle either, having just completed a $2 billion convertible notes offering and promptly converting it into Bitcoin, pushing their total to a jaw-dropping 499,096 BTC, worth approximately $46 billion.
This buying spree happened just before a major market crash, with Bitcoin slipping 10% from its $96,000 high to under $87,000, marking its lowest in over three months.
This downturn was triggered by a news flash involving Donald Trump and French President Emmanuel Macron, where Trump's declaration of 25% tariffs on Canada and Mexico sent shockwaves through both crypto and equity markets. Buckle up, because it’s clear the crypto world is not for the faint of heart!
