Metaplanet Buys More Bitcoin as BTC Tops $87K

Metaplanet, a publicly-listed Japanese firm, has added 330 more bitcoin (BTC) to its treasury, pushing its total holdings to 4,855 BTC—worth over $420 million at current market prices. The announcement on Monday comes as Bitcoin surged past $87,300, reversing last week's losses.

This marks Metaplanet’s third BTC purchase in April alone, highlighting its aggressive strategy to accumulate digital assets despite broader market concerns, including ongoing global tariff disputes. Earlier this month, the company became the tenth-largest public holder of Bitcoin.

Metaplanet isn’t the only Japanese firm expanding its crypto portfolio. ANAP Holdings, a fashion company, recently purchased 16.6591 BTC, valued at approximately 200 million yen (roughly $1.4 million). These assets will be managed by its subsidiary, ANAP Lightning Capital. The firm plans to assess its BTC holdings quarterly, incorporating gains or losses directly into its financial reports.

ANAP reports a 12.1% BTC yield so far this quarter, following a remarkable 95% return last quarter. The company defines BTC yield as the increase in bitcoin holdings per fully diluted share, offering a unique metric to track the performance of its crypto strategy.

Bitcoin continues to show resilience amid financial instability. Earlier this month, U.S. stock markets lost $5.4 trillion in just two days following President Trump's announcement of reciprocal tariffs. The Nasdaq plummeted 11%, while Bitcoin’s decline was limited to 6%, underlining its growing appeal as a hedge against traditional market volatility.

Following the latest BTC acquisition, Metaplanet's shares on the Tokyo Stock Exchange rose nearly 0.9% after market open, signaling investor confidence in the company’s crypto-forward strategy.