Metaplanet Buys $11.7M Bitcoin As Analysts Anticipate A $150K Top This Year

• Metaplanet supercharged its Bitcoin treasury with a 103 BTC purchase worth $11.7 million.
• Tokyo-based company ranks seventh among the top public Bitcoin treasuries in the world.
• Analysts remain bullish on BTC’s impending climb to $150K before year end.

Metaplanet’s Latest Bitcoin Buy

Metaplanet, a Tokyo Stock Exchange (TSE) listed company, announced its latest 103 Bitcoin (BTC) purchase today, totaling $11.7 million. The acquisition comes at an average of $113,491 per coin.

The company didn’t indicate the exact time of the transactions within its latest batch of Bitcoin purchases. However, these usually cover the acquisitions it made a week prior. If this is the case, the accumulation could be around Bitcoin’s fluctuation of $117K and $111K low.

Since following the playbook of Strategy (formerly MicroStrategy), Metaplanet has already grown its Bitcoin coffers to 18,991 units at an investment of $1.95 billion or a dollar cost average of 102,712 per BTC. Meanwhile, its BTC yield is now at 479.5% year-to-date (YTD). The latter is a key performance indicator (KPI) representing the percentage change in the ratio of the company’s Bitcoin reserves to its fully diluted shares outstanding.

ADVERTISEMENTAt Bitcoin’s 24-hour fluctuation between a $111,060.54 low and a $115,226.44 high on Monday morning (UTC), the Japanese company is currently sitting at an unrealized gain of approximately $158.54 million and $237.66 million.

Metaplanet as a Bitcoin Treasury Company

Metaplanet presently ranks seventh among the top 100 public Bitcoin treasury companies in the world, sandwiched between Riot Platforms’ 19,239 BTC in sixth place and Trump Media & Technology Group’s 15,000 BTC in eighth place. Strategy tops the list of public Bitcoin treasury companies with its 629,376 BTC, but this could be updated this Monday as its Executive Chairman, Michael Saylor, just hinted at an incoming purchase in his usual cryptic posting.

BlackRock, however, holds the most Bitcoin through its iShares Bitcoin Trust exchange-traded fund (ETF). The investment giant maintains 749,354 BTC in its reserves. On the other hand, the largest whale among individual holders is Satoshi Nakamoto, who has over a million BTC in his stash.

ADVERTISEMENT## Bitcoin to $150K

The cryptocurrency community and financial analysts remain firm on their forecasts about Bitcoin hitting $150K before 2025 ends. The latest development, showing the digital asset trending within a double-bottom pattern, further feeds the frenzy.

Despite all these updates, Bitcoin has been showing a gradual decline in market dominance as Ethereum (ETH) just recorded a new all-time high during the weekend, which is reigniting optimism for an altcoin season soon. According to CoinMarketCap data, BTC’s share in the $3.93 trillion crypto market dropped to 57% today as the Altcoin Season Index hovered at 48 and investor sentiment shifted to Neutral at the start of this week.

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