Metaplanet stock jumps 19% as it buys the dip with 497 Bitcoin purchase

The Japanese investment company metaplanet has bought another $ 44 million in Bitcoin, which has seen its shares of 19 % jumping a day so far.

Simon Girovic, CEO of Metaplanet, said on March 5 x mail The company bought 497 Bitcoin (BTC) about 88,448 dollars for each currency, with a total spending of $ 43.9 million. He added that the company achieved a general return of 45 %.

March 5, March 5 Detection The last purchase of her Bitcoin's total biocoin has 2,888 BTC at a rate of average purchase price of $ 84,240 per currency. The value of the bunker is about $ 251 million, with Bitcoin trading about 8,7150 dollars.

Bitcoin has decreased about 8.5 % in the past 14 days, reaching its lowest level in three months less than 79,000 dollars on February 28 amid fears of a trade war looming on the horizon of the planned tariff for US President Donald Trump.

The price of the Metaplanet share on the Tokyo Stock Exchange increased by 19 % by 2 pm local time on March 5, and was trading about 3985 Japanese yen ($ 26.60), According to To Google Finance.

Her shares have achieved great success during the last trading week, as Bitcoin has delivered it, but it is still one of the best performance over the past 12 months, as it increased more than 1700 %.

The last purchase of Metaplanet is the second purchase this week, after you got 156 BTC on March 3. Jerovic said at the time that the company was exploring a possible list outside Japan, as in the United States.

Related to: Bitcoin, Crypto 'Dip Buy Hype' is now at its highest level in 7 months

Metaplanet acquired 794.5 BTC so far this year and reported about $ 66 million on those purchases in the first quarter of 2025. It aims to collect 21,000 BTC by 2026 as part of its broader strategy to lead the return of Japanese Bitcoin.

These recent Metaplanets pushed to become the second largest and largest Bitcoin holder in Asia, after Hong Kong Gaming Boya Internet International exceeded, According to It is Bebo.

Jerovic met officials on the New York Stock Exchange and Nasdak in late February to provide “platforms and jobs” to the company. He said at X on March 3: “We are thinking about the best way to make Metaplanet shares easier for investors all over the world,” said at X on March 3.

magazine: SCB Tips $ 500K BTC, SEC delays Eter ETF options, and more: Hodler's Digest