Japan-based Bitcoin investment company Metaplanet has reported a record-breaking daily trading volume of 50.4 billion yen (approximately $337 million) since its latest acquisition of BTC.
This surge places the company 13th among Japanese companies in terms of trading activity, surpassing the huge Toyota of automobiles.
Metaplanet CEO Michael Jerrovich confirmed the milestones on social media platform X and said the unprecedented volume of trading reflects increased investors’ trust.
As a result, investor sentiment remains strong for Metaplanet stocks, which has been more than 7% in the past day and 41% since the beginning of the year. According to Google Finance dataThe stock will be traded for 5,060 yen (approximately $33) at the time of reporting.
Meanwhile, record-breaking activities came on the same day as Metaplanet’s general shareholders meeting.
Using the event, Jerovic reiterated the company’s commitment to Bitcoin, saying:
“Metaplanet will continue to advance as a pioneer in Bitcoin in Japan. The future is Bitcoin. We’re just starting out.”
Over 1,000 BTC was acquired in March
Metaplanet’s trading activity spikes occur when a company increases its monthly Bitcoin purchases.
According to data from Bitcoin Treasuries, Metaplanet acquired 1,115 BTC this month through five separate transactions.
He won 156 BTC on March 3rd, followed by 497 BTC on March 5th. A week later I bought 162 BTC. On both March 18th and March 24th, Metaplanet added an additional 150 btc each time. It spent $12.6 million on each of the latter purchases.
These acquisitions bring the total holdings to 3,350 BTC, worth around $291 million at its current price.
The aggressive purchasing reflects Metaplanet’s long-term Bitcoin strategy and aims to establish itself as a key player in the digital assets field.
However, the company has attracted global attention for its BTC holdings and recent well-known movements.
One notable development is the addition of Eric Trump, the son of US President Donald Trump, to the Strategic Advisory Committee. His involvement is expected to enhance Metaplanet’s profile and broaden its impact on the US outside of Japan.
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