Metaplanet’s shares shot up almost 8% after the company acquired a massive 162 BTC at an average price of $83,123 per Bitcoin.
By Parth Dubey
Edited by Victoria Ronina
Updated
3 mins read
Japanese investment firm Metaplanet has reinforced its Bitcoin BTC $83 280 24h volatility: 1.1% Market cap: $1.65 T Vol. 24h: $14.84 B holdings, acquiring a whopping 162 BTC worth around $13.5 million. The assets were bought at an average price of $83,123 per Bitcoin, as the cryptocurrency skyrocketed to its daily high of $83,737.
The publicly-listed company now holds a total of 3,050 BTC, scooped up at a total cost of around $253.7 million, with an average buy price of $83,180.
*Metaplanet Purchases Additional 162 $BTC* pic.twitter.com/ESkiyierok
— Metaplanet Inc. (@Metaplanet_JP) March 12, 2025
Metaplanet’s strategic purchase has also benefited its stock price, which jumped 7.93% to 3,605 JPY following the Bitcoin purchase announcement on March 12.
Alongside its BTC shopping, Metaplanet’s Board of Directors also greenlit the issuance of its 8th Series of Ordinary Bonds to EVO FUND, raising $18.2 million to fund further Bitcoin purchases.
The issuance comes just days after MicroStrategy, Bitcoin’s largest corporate holder, revealed plans to raise $21 billion to buy Bitcoin.
Despite the current market volatility, Metaplanet purchased nearly half of its entire Bitcoin stash in 2025 alone. At the time of writing, Bitcoin is trading around $82,630, posting a 2% gain in the past 24 hours, CoinMarketCap shows.
On the daily BTC price chart, the RSI stands at 38.25, suggesting that the crypto is nearing oversold territory. If RSI drops further, it could signal a substantial buying opportunity, possibly leading to a rebound.
Meanwhile, the MACD line (blue) remains below the signal line (red), confirming bearish momentum. However, a potential crossover could hint at a reversal if buyers regain control.
For bullish momentum, Bitcoin must reclaim $85,000 to test the $90,000 resistance level. However, a break below $80,000 could intensify selling pressure. Key support levels lie at $79,270 and $69,450, as noted by analyst Ali Martinez using IntoTheBlock data.
On-chain data from @intotheblock highlights two key support levels for #Bitcoin $BTC: $79,270 and $69,450. pic.twitter.com/gYlqMgbJce
— Ali (@ali_charts) March 12, 2025
Despite Bitcoin’s 25% pullback from its all-time high of $109,000, whales continue to accumulate. As per the data by CryptoQuant, Bitcoin whales have added over 65,000 BTC in the past 30 days, capitalizing on price corrections while retail traders panic-sell.
It is important to note that Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, believes Bitcoin’s recent volatility is driven more by broader risk asset weakness than crypto-specific issues.
The price dip is fueled by macroeconomic uncertainties, including the impending US Consumer Price Index (CPI) report and trade tensions linked to President Donald Trump’s tariff stance, said Kendrick.
The Standard Chartered executive maintains his prediction that Bitcoin will hit a price tag of $200,000 by the end of 2025.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
