YEREVAN (CoinChapter.com) — Japanese firm Metaplanet has increased its Bitcoin holdings to 4,855 BTC, now valued at $414 million. This update came after the company bought 330 Bitcoin for $28.2 million on April 21, paying an average price of $85,605 per coin. The announcement was made by Simon Gerovich, the CEO of Metaplanet.
The company’s total Bitcoin holdings have grown by over 119% year-to-date. Earlier, Metaplanet raised 2 billion yen (approximately $13.3 million) through bond issuance on March 31 to fund additional BTC purchases.
Data from Bitbo confirms that Metaplanet now ranks as the 10th-largest corporate Bitcoin holder in the world. It is also the largest Bitcoin-holding company in Asia.
Metaplanet Bitcoin Strategy Aims for 21,000 BTC
Metaplanet has outlined a clear goal: to accumulate 21,000 BTC by 2026. This target supports its broader strategy to promote Bitcoin adoption across Japan. Due to its aggressive purchase strategy, the firm is often compared to MicroStrategy, known for holding the largest corporate Bitcoin reserve.
A week before Metaplanet’s latest buy, Strategy acquired 3,459 BTC for $285.5 million, bringing its total to 531,644 BTC. The firm has spent $35.92 billion to build this portfolio, according to Michael Saylor.
Metaplanet has continued to finance its Bitcoin acquisitions through debt, including corporate bonds. These moves show a consistent pattern of institutional interest in Bitcoin holdings as part of long-term treasury management.
UK Investment Firm Buys $250M in Bitcoin Over Easter Week
A UK-based firm acquired $250 million worth of Bitcoin during the Easter holiday week, making it one of the largest BTC purchases in April. The firm, Abraxas Capital Management, executed the transaction in multiple tranches between April 14 and April 18, according to blockchain data compiled by Lookonchain.
The largest single transfer occurred on April 18, when Abraxas moved over $45 million in BTC from Binance, one of the leading global exchanges. The firm reportedly accumulated around 2,949 BTC in total, based on average price data.
This activity appeared during a relatively quiet period in the broader crypto market, with most institutional desks closed for the long Easter weekend. Blockchain observers flagged the size and timing of the purchase as notable given the low liquidity environment and reduced competition from traditional investors.
Public wallet tracking showed Abraxas used a mix of custodial services and self-hosted wallets for its BTC storage after withdrawal from exchanges. This move adds to the growing trend of UK-based institutions and wealth management firms allocating capital to Bitcoin during periods of reduced market volatility.
Although global economic uncertainty, including potential tariffs, continues to weigh on investor sentiment, companies like Metaplanet remain focused on their BTC accumulation targets.
