Japan’s Metaplanet has increased its Bitcoin holdings with the purchase of 555 BTC. The Tokyo-listed firm disclosed the transaction on May 7. It spent $53.4 million on the acquisition, paying an average of $96,134 per Bitcoin.

Meanwhile, BTCUSD has shown strong bullish behavior on the H1 chart. The price found support around 93,500 and moved upward with solid momentum. It faced resistance near 97,700 and pulled back briefly before making another push toward that level. A breakout above this resistance could lead to further upward movement.

Metaplanet’s Bitcoin Holdings Top $536 Million

Following the purchase, Metaplanet now holds a total of 5,555 BTC. At current market prices, this is valued at more than $536 million. According to CEO Simon Gerovich, the total acquisition cost stands at $481.5 million. The company’s average purchase price across all its Bitcoin holdings is $86,672 per coin.

To support further purchases, Metaplanet announced the issuance of $25 million in zero-coupon ordinary bonds. This follows earlier fundraising efforts using similar instruments. Since early 2024, the firm has raised over 35 billion yen, or $244 million, through zero-coupon bonds and stock acquisition rights. These were issued via its financial partner, Evo Fund.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

You may find it interesting at FinanceMagnates.com: XRP Awaits Direction; Ripple CEO Garlinghouse Sees Bitcoin Hitting $200K.

Strategy’s Bitcoin Portfolio Now Worth $38.08 Billion

In a separate development, Strategy, the company led by Michael Saylor, disclosed a new Bitcoin purchase. Between April 28 and May 4, 2025, the firm acquired 1,895 BTC. The total cost of this acquisition was $180.3 million, with an average price of $95,167 per coin. The company announced the details on May 5.

With this latest transaction, Strategy now holds 555,450 BTC. The total cost of its Bitcoin portfolio stands at $38.08 billion. The average purchase price across all holdings is $68,550 per Bitcoin.

Source: Finance Magnates