TLDRMetaplanet purchased 797 Bitcoin for $93.6 million at an average price of $117,451 per BTCThe Japanese company now holds 16,352 Bitcoin worth approximately $1.64 billionBitcoin hit a new all-time high of $121,209, surpassing Amazon and Alphabet in market capMetaplanet reported a 435.9% year-to-date Bitcoin yield, adding 7,464 BTC in the past monthThe company plans to use its Bitcoin holdings as collateral for financing future acquisitionsTokyo-based investment firm Metaplanet announced the purchase of 797 Bitcoin today for approximately $93.6 million. The company bought the cryptocurrency at an average price of $117,451 per Bitcoin.This latest acquisition brings Metaplanet’s total Bitcoin holdings to 16,352 BTC. The combined value of these holdings now stands at roughly $1.64 billion.The purchase comes as Bitcoin reached a new all-time high of $121,209. The cryptocurrency’s market capitalization has grown to $2.4 trillion.Bitcoin has extended its weekly gains to more than 10.5%. The digital asset now ranks among the top five global assets by market value.Last week, Bitcoin overtook major technology companies Amazon and Alphabet in terms of market capitalization. Daily trading volume for Bitcoin increased by 33% to more than $60 billion.Strategic Bitcoin AccumulationMetaplanet CEO Simon Gerovich stated that the firm acquired 3,002 BTC over the past week. The company has added 7,464 Bitcoin to its holdings in the last month alone.The company’s average cost for its entire Bitcoin portfolio stands at $100,191 per coin. Metaplanet reported a year-to-date Bitcoin yield of 435.9% for 2025.The firm’s strategy closely follows that of MicroStrategy, the U.S.-based software company led by Michael Saylor. Both companies accumulate Bitcoin through equity and debt issuance.Metaplanet has utilized various financing methods to fund its Bitcoin purchases. These include zero-interest bonds, stock acquisition rights, and access to U.S. capital markets.The company has planned a $5 billion injection into its Florida subsidiary. This capital will support Bitcoin buying and strengthen treasury infrastructure.Future Expansion PlansGerovich recently told the Financial Times about the company’s future plans. The firm intends to use its Bitcoin holdings as collateral to finance acquisitions.Metaplanet specifically targets cash-generating businesses in digital financial services. This approach aims to leverage the Bitcoin treasury for broader corporate expansion.Benchmark analysts have set a stock target of 2,400 JPY for Metaplanet shares. This represents a 50% upside from the current trading level of 1,596 JPY.The stock’s mNAV (market value to net asset value) has contracted to 3.78. This metric suggests the stock may be undervalued relative to its Bitcoin holdings.Institutional demand for Bitcoin continues to grow across global markets. Spot Bitcoin ETFs recorded massive inflows of $2.7 billion last week.Bitcoin futures open interest surged 4% to $86.1 billion. The 24-hour liquidation data reached $290 million, with $281 million in short liquidations according to Coinglass data.The post Metaplanet Purchases 797 Bitcoin as Price Hits $121,000 All-Time High appeared first on Blockonomi.