The post Metaplanet Stock Jumps 14% After Buying More Bitcoins Amid Market Dip appeared first on Coinpedia Fintech News
Earlier today, Metaplanet announced that it purchased more Bitcoin amid Bitcoin dip and volatility. Notably, its stock jumped 14% following the announcement. This purchase comes amid recent BTC price drops and broader market volatility, influenced by Trump’s tariffs.
Bitcoin has recovered more than 4.5% from a dip to $83,000 earlier this week. Despite ongoing market volatility, partly driven by Trump’s tariffs, which led to a broader market decline, Bitcoin is now showing signs of stability. Investors hope for a continued recovery in the crypto market. It is currently trading at $87,166.
Metaplanet Purchases 497 Bitcoins
Japan’s Microstrategy continues to grow its Bitcoin holdings despite market volatility. Today, the company announced the purchase of 497 Bitcoins for a total of $43.9 million, buying them at an average price of $88,448 each, according to CEO Simon Gerovich.
As of March 5, 2025, Metaplanet holds a total of 2,888 BTC, with an investment of $240.2 million. The average price the company paid for its Bitcoin is around $83,172 per coin. Despite market fluctuations, Metaplanet continues to expand its Bitcoin holdings, which reflects confidence in its long-term potential as a store of value.
Achieves 45% Bitcoin Yield
Simon Gerovich also announced that Metaplanet has had a strong start to 2025, with a Bitcoin yield of 45.1% year-to-date. Interestingly, this exceeds the company’s goal of achieving a 35% BTC yield each quarter of 2025. While its yield for the period from October 1, 2024 to December 31, 2024, was 309.8%.
As as a result of this impressive performance, Metaplanet’s stock has surged 16.89%, reaching 3,910 JPY, thanks to its stellar performance. In February 2025, the stock hit a record high of 7,000 JPY but dropped almost 50% as Bitcoin prices corrected. Now, after bouncing off a support level at 3,310 JPY, the stock is back on the rise, signaling a strong reversal.
Whales Buy The Dip
After Bitcoin dropped to $83,000 on Monday, whales are actively buying the dip. Crypto analyst Ali Martinez noted that since Bitcoin fell below $88,000 on February 24, whales have purchased over 20,000 BTC.
He also pointed out that Bitcoin’s Sharpe ratio is moving from “High Risk” to “Low Risk,” creating a good chance for investors to buy the dip. This suggests that investors are now accumulating BTC for future gains as the market stabilizes.