Metaplanet tops $400M Bitcoin holdings with new $28M purchase

Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase.Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.The firms Bitcoin yield surpassed 119% year-to-date after its latest investment.Source: Simon GerovichMetaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more Bitcoin on March 31, Cointelegraph reported.Related: UK firm buys $250M Bitcoin as analysts eye quiet Easter weekendThe $414 million in Bitcoin holdings make Metaplanet Asias largest and the worlds 10th-largest corporate Bitcoin holder, Bitbo data shows.Source: BitboAccording to Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, the growing institutional presence of firms, such as Strategy and Tether, is accelerating the four-year Bitcoin cycle.That puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the markets more mature now with more liquidity, the analyst told Cointelegraph.Related: $1T stablecoin supply could drive next crypto rally CoinFunds PakmanMetaplanet plans to reach 21,000 BTCThe latest acquisitions are part of Metaplanets plans to accumulate 21,000 BTC by 2026, aligning with its mission to drive Bitcoin adoption across Japan.Often dubbed Asias MicroStrategy, Metaplanet has drawn comparisons to Michael Saylors company Strategy, which continues to top the list of public Bitcoin holders.Metaplanets investment was announced a week after the latest purchase by Strategy, the worlds largest corporate Bitcoin holder.Source: MichaelSaylorStrategy bought 3,459 BTC for $285.5 million at an average price of $82,618 per BTC, bringing its total holding to 531,644 BTC acquired for a cumulative $35.92 billion, Cointelegraph reported on April 14.Despite tariff uncertainty limiting risk appetite among traditional and crypto investors in the short term, analysts are optimistic about Bitcoins price trajectory for the next decade.Bitcoin may surpass $1.8 million by 2035, driven by its growing recognition as a superior savings technology, set to rival or surpass golds $21 trillion market capitalization, Joe Burnett, director of market research at Unchained, told Cointelegraph during the Chainreaction live show on X.loading="lazy">Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodlers Digest, Feb. 23 March 1