Two of Japan’s major corporate Bitcoin Treasuries expanded their reserves last week, underscoring long-term confidence in the asset despite recent market weakness. Metaplanet disclosed a $932 million purchase of 775 BTC on Monday, while Remixpoint added 63 BTC worth $77 million last Friday.
The acquisitions come as Bitcoin prices retreat from record highs amid shifting monetary policy expectations and geopolitical risks.
Major Purchases by Japanese Firms
Metaplanet announced it bought 775 BTC for $932 million at an average price of ¥17.7 million ($120,000) per coin. This move brings its total holdings to 18,888 BTC, with an average acquisition cost of $102,000. The company’s cumulative Bitcoin investment now stands at $19.3 billion.
Remixpoint separately acquired 63.32 BTC at an average cost of ¥18 million($122,000 ) per coin, spending $77.4 million. Its cumulative holdings rose to 1,231 BTC, worth $1.24 billion at acquisition cost.
Both firms continue to frame Bitcoin as a core treasury asset, expanding exposure even as short-term volatility weighs on markets.
Global Market Headwinds
Bitcoin fell below $116,000 on Monday, retreating from last week’s record high above $124,000. The pullback followed stronger-than-expected US producer price data, which dampened expectations for aggressive Federal Reserve rate cuts. According to CME FedWatch, markets had priced in a 50-basis-point reduction but are now leaning toward a smaller 25-point cut.
Geopolitical uncertainty added to the pressure. A summit between US President Donald Trump and Russian President Vladimir Putin ended without progress on Ukraine. Investors are awaiting Trump’s meetings in Washington with Ukrainian President Volodymyr Zelensky and European leaders later this week.
Meanwhile, Japanese equities have continued to climb, with the Nikkei 225 touching a fresh intraday record above 43,700. This is drawing capital toward equities and away from speculative assets such as cryptocurrencies.
Investor Impact and Outlook
The purchases by Metaplanet and Remixpoint highlight a growing corporate willingness to treat Bitcoin as a balance-sheet reserve, regardless of near-term price swings. Such actions could help reinforce confidence among institutional investors and signal further adoption in corporate finance.
Still, Bitcoin will likely remain volatile in the near term, driven by macroeconomic data releases and geopolitical events. Over a longer horizon, however, continued corporate treasury allocations may solidify Bitcoin’s role as a digital store of value.
The post Japan Rescue: Metaplanet, Remixpoint Add Bitcoin Holdings Despite Market Pullback appeared first on BeInCrypto.
Source: https://beincrypto.com/japan-rescue-metaplanet-remixpoint-add-bitcoin-holdings-despite-market-pullback/