Japanese firm Metaplanet has doubled down on its Bitcoin holdings, investing another $25 million to acquire 555 BTC worth approximately $53.4 million. This move follows a trend of increased institutional interest in Bitcoin, as evidenced by the company’s previous significant purchases over the past five months. Metaplanet’s latest acquisition brings their total Bitcoin holdings to 5,555 BTC, valued around $465 million at an average purchase price of $86,672 per coin. 2024 saw Metaplanet formally adopt a Bitcoin strategy with the goal of reaching 10,000 BTC by year-end 2025. To fund these ambitious purchases, the company has been issuing new batches of ordinary shares, raising an additional $25 million. 2024 also witnessed the launch of Metaplanet’s strategic expansion into the U.S. with a newly established Treasury Corp in Miami and their plan to scale the operation to $250 million. Metaplanet’s bold Bitcoin strategy is further reflected in its stock performance, which has surged by 11.45% as of today’s writing. This surge highlights investor confidence in Metaplanet’s approach, contributing to broader institutional interest in Bitcoin and its long-term potential.