Japanese company “Metaplanet”
buys more Bitcoin: details
The Japanese company “Metaplanet”, listed on the Tokyo Stock Exchange
announced the acquisition of 555 bitcoins, worth $49.6 million, bringing its total
holding to 5,555 bitcoins, with a current market value exceeding $482 million.
This step comes in conjunction with China's announcement of the resumption of
trade talks with the United States, with strict conditions stressing the need for
mutual respect and warnings against methods of coercion and blackmail.
The deal is part of the company's strategy to shift capital into Bitcoin
amid rising uncertainty in the global economy.
Beijing has confirmed :
its readiness to meet US Treasury Secretary Scott Besant“in Switzerland between
May 9 and 12, in the first formal economic dialogue between the two sides since
the Trump administration imposed broad tariffs on Chinese imports.
While China expressed :
its openness to resuming talks, the Chinese Ministry of Commerce stressed that
- any negotiations must take into account the principles of justice
- with absolute rejection of any American attempts to exploit
- the dialogue to achieve unilateral gains.
This position came in the wake of :
a tweet from the Chinese Embassy in Washington confirming that the decision to
return to the dialogue table came in response to global expectations and China’s
national interests, as well as to the demands of the American business community.
In a related context :
investors continue to monitor the movements of safe assets such as gold
and Bitcoin in light of geopolitical tensions
and concerns related to monetary policy.
Gold has risen to $3,357
while Bitcoin is currently trading at a price of approximately $96,500
an increase of 2.1% in 24 hours, according to “CoinGecko” data.
Since the beginning of 2024
“Metaplanet” has relied on a zero-coupon bond issue and equity acquisition rights
to fund Bitcoin purchases, raising over ¥35 billion via its partner “EVO FUND”.
These proceeds :
- are used directly to boost
- the company's
- cryptocurrency reserves.
The company's Bitcoin return index recorded remarkable growth, achieving
309.8% in the fourth quarter of 2024, 95.6% in the first quarter of 2025, and 21%
in the second quarter of this year, which reflects the effectiveness of
the adopted strategy.
95% of Bitcoin holders :
are in the profit zone after the recent rise in the price of Bitcoin
The price of Bitcoin has recorded a significant rise over the past 24 hours
temporarily exceeding the $97,500 barrier, and driven by news that the United
States and China intend to hold imminent trade talks, which may include
discussing easing some of the customs duties imposed between the two sides.
This increase :
had a positive impact on investors
as “IntoTheBlock” data showed that the percentage of Bitcoin holders currently
facing paper losses has declined to zero, while the percentage of those in the profit
zone has reached 95%, and the percentage of
those at the break-even point has reached 5%.
The data also indicates that 75% of
existing investors have been holding Bitcoin for more than a year, while 21% of
them entered during the past year, while newcomers in
the last 30 days represent only 4%.
Despite this rebound, bitcoin remains
below its highs of about $110,000 recorded in mid-January.
However :
- this difference has decreased recently
- amid expectations that new peaks
- will be reached soon.
Analyst “CRYPTOWZRD” :
believes that the currency is in a strong upward trend
expecting it to reach $150,000 in the coming months.
On the other hand :
“KALEO” went further, expecting to exceed $500,000
while “CZ” suggested that its price could reach $1 million.
But this :
optimism is not without signs of concern.
Although recording 0% of paper losses seems positive, it may be an indication that
the market has reached a saturation stage, as happened previously in October
2024, when the profitability ratio was similar and was followed by a rapid
correction from 69,000 to below $65,500.
Similar patterns :
were repeated in March and September of the same year
raising the possibility that the scenario will be repeated.
Besides :
- the Relative Strength Index (RSI)
- which is a technical tool used to measure the speed
- and magnitude of price movements – shows signs calling for caution.
As it reaches the 66 level :
- it is approaching the 70 threshold
- which is usually considered
- a signal that Bitcoin
is entering the overbought zone, which may pave
the way for a downward reversal in the trend.
“CryptoWaves”
described this development as a close signal to sell.
Therefore :
although the general trend appears upward, caution remains required in light of
technical indicators and historical precedents that
may warn of imminent corrections.