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Metaplanet, the Japanese company that aims to boost its Bitcoin holdings to 21,000 BTC by 2026, shared in an X post dated March 18, 2025, that it has bought another 150 Bitcoins.
With this fresh buying, the total number of Bitcoin held by the company has reached 3,200 BTC, and its buying of 150 Bitcoins was done at an average price of $83,508 per coin.
Are shareholders losing interest in companies connected to digital assets?
In some cases, it has been seen that investors have pulled their funding from companies that have direct exposure to digital assets, and a few holding Bitcoins have also fallen over time.
On the other hand, it has also been observed that firms like BlackRock, Fidelity, and BitBo have continued to increase their investment in crypto and related products.
Regarding Bitcoin holdings, Strategy ( earlier MicroStrategy) holds the highest Bitcoin among traditional companies, and experts argue that Metaplanet followed the same investment strategy as the firm of Michael Saylor.
Metaplanet’s major shareholders are Capital Research & Management Co., Evolution Capital Management, Batara Eto, Simon Morris, Go Kagami, and the LBBW asset manager.
Earlier on March 17, 2025, it was reported that Metaplanet had issued the 9th series ordinary bonds with a motive to boost its Bitcoin holding.
Metaplanet stock performance
Until publishing, Metaplanet stock (TYO: 3350) was trading at 4,030 with a surge of 11.23% in the weekly frame and is up by 290.87% in the past six months.
According to data from Google Finance, Metaplanet stock is up by 12.32% in the year-to-date time frame and is in profit of 722.45%.
Experts say that especially after the back-to-back buying of Bitcoin and unwanted ballooning has been observed in the market capitalization of Metaplanet.
When writing, the market cap of Metaplanet is 157.85 million JPY, the reported revenue of the company in 2024 last quarter was 811.59 million JPY, the net income was 6.72 billion, and the net margin is 827.96%.
Data available on TradingView notes that 39.64 million shares of Metaplanet are free-floating, and the remaining 3.60 million are closely held.
In case of continued bullishness in Metaplanet’s stock, it is expected to test the resistance of 6,100 JPY followed by 7,020 JPY, and its nearest support is 2,010 JPY and 2nd support of 7,10 JPY.
The exponential moving average( 10) of TYO: 3350 is 3,985 JPY, Simple moving average (10) is 3,894 JPY; while writing, its price was above 100 and 200 days exponential moving average and below 20 and 50 days exponential moving average.
The annual revenue of Metaplanet in 2024 was 1.06 billion JPY, its net income was 6.40 billion JPY, and its overall growth in finances of 602% has been observed.
