Metaplanet stock is once again on the uptrend, rising 14% today after the Japanese firm announced a fresh purchase of 497 Bitcoins for an investment value of $43.9 million. The latest purchase comes amid the BTC price dips with the broader crypto market facing huge volatility as Trump’s tariffs kick in. Following a drop to $83,000 on Monday, Bitcoin is showing a brief recovery of over 4.52% as of press time.
Metaplanet Buy the Bitcoin Dips
Popular as Japan’s MicroStrategy, public-listed firm Metaplanet continues to add Bitcoins to its Treasury despite heavy market volatility and uncertainty. Earlier today, the firm announced the purchase of an additional 497 Bitcoins for an investment value of 443.9 million in total. The purchase was made at an average price of $88,448 per Bitcoin, according to company CEO Simon Gerovich.
As of March 5, 2025, Metaplanet’s total Bitcoin holdings stand at 2,888 BTC, acquired at a cumulative investment of $240.2 million. The company’s average acquisition price for its Bitcoin portfolio is approximately $83,172 per coin.
Additionally, Simon Gerovich announced the firm’s strong year-to-date performance while clocking a Bitcoin yield of 45.1% in 2025. This is above the company’s pre-defined target of achieving 35% BTC yield for each quarter of 2025.
As a result of this stellar performance, the Metaplanet stock has surged 16.89% as of press time moving all the way to 3,910. In earlier February 2025, the stock price surged to an all-time high around 7,000 JPY levels, however, gave up nearly 50% of its gains amid heavy Bitcoin price correction over the past few weeks. Forming a base and support at 3,310 JPY, the stock has once again reversed trajectory to the upside.
BTC Whales Seize Buy-the-Dip Opportunity
Following the BTC price drop to $83,000 on Monday, whales have turned active once again buying the dips. Prominent crypto analyst Ali Martinez has revealed that Bitcoin whales have purchased over 20,000 BTC since the cryptocurrency’s price fell below $88,000 on February 24. This accumulation signals robust buy-side interest at these levels ass big players chip in to accumulate heavily.
Furthermore, analyst Martinez also pointed out the Bitcoin risk metrics i.e. Sharpe ratio, that provides risk-adjusted returns, which typically resets to a “Low Risk” zone after reaching “High Risk”.
Martinez noted that this dynamic provides an opportune moment for investors to prepare for a potential “buy-the-dip” scenario as the market stabilizes. Thus, at the current levels, investors are making a strategic accumulation of BTC positioning themselves for future gains.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Crypto exchange FTX U.S. has been on a major acquisition spree this year of distressed assets following the major crash in the crypto market. Earlier this week, FTX won the bid for acquiring assets of troubled crypto lender Voyager Digital.
As per sources familiar with the matter, the crypto exchange shall now be bidding for the assets of the bankrupt lender Celsius Network. There’s news in the market that FTX is currently in the process of raising $1 billion from the market.
If FTX can pull this Celsius deal off, it will help them to spread if footprint across other sectors of the cryptosphere. In addition to its lending business, Celsius also owns a crypto custody business and Bitcoin mining operations. For now, it’s unclear if Sam Bankman-Fried’s group of companies, which include FTX and Alameda Research, are bidding for only some or all of Celisus’s assets.
As said, Sam Bankman-Fried managed to successfully scoop the assets of Voyager Digital for a massive $1.4 billion. This includes $1.3 billion in value of all cryptocurrencies currently with Voyager Digital as well as $110 million of “additional consideration”.
The news of acquiring Celsius’s assets comes just after CEO Alex Mashinsky resigned on Tuesday. Celsius is currently considering several options on the table including restructuring as well as liquidation. Last month, Celsius received multiple offers of a fresh cash infusion to help with its restructuring process.
Relocating FTX Headquarters
On Tuesday, FTX chief Sam Bankman-Fried also made another important announcement of relocating the FTX headquarters from Chicago to Miami. Furthermore, Zach Dexter will succeed Brett Harrison as the new president of FTX US. Dexter was previously the CEO of LedgerX before it got acquired by FTX U.S. In Tuesday’s announcement, SBF noted:
Really grateful to work with @zachdex, @_Ryne_Miller, and others to push forward in the US; and a heartfelt goodbye to @Brett_FTX as he transitions to an advisor and FTX US transitions to its Miami HQ! Being agile and coordinated is a core value–it’ll be great to be together.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The majority of cryptocurrencies were trading in the green zone early Sunday. Bitcoin price increased 0.62% in the previous 24 hours to $42,679.03, while Ethereum’s price inched up 1.26% to $3,254.76.
According to Coindesk data, Ether, the second most traded cryptocurrency, was trading at $3,254, up 1.21%.
During the previous day’s session, Bitcoin was trading at its long-term support level, while the crypto markets continued to drop.
BTC/USD spent the most of Saturday trading near its $42,000 support level, following an earlier low of $42,183.25.
Bitcoin, the world’s most valuable cryptocurrency, is currently worth $811,832,005,365. The total volume of bitcoin traded on WazirX in the last 24 hours is $15,699,206,138.
Ethereum’s market cap is currently $391,371,137,484, and its 24-hour trading volume on WazirX is $9,677,852,941.
Bitcoin Volatility Climbs
Bitcoin’s Saturday decline comes on the heels of Friday’s intraday high of $43,903.02, but as volatility increased, traders liquidated some positions, bringing prices lower.
With Saturday’s decline, ETH is now down over 9% in the last seven days, remaining close to its long-term basement.
Bitcoin’s price has fallen roughly 12% from its March 28 high of $48,238.
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BTC is currently grappling between the $42,076 support level and the $40,490 to $42,316 demand zone. Its price has retreated 7% in the last seven days, while Ethereum’s price has corrected to roughly 5.45%.
Additionally, alternative cryptocurrencies (altcoins) have risen and fallen in popularity as investor sentiment fluctuates between optimism and pessimism.
BTC total market cap at $825.56 billion on the weekend chart | Source: TradingView.com
Bitcoin 2022 Miami A Success
The Bitcoin 2022 conference in Miami has concluded, with more than 25,000 attendees celebrating the world’s most popular cryptocurrency and other assets.
The annual event brought together some of the industry’s most prominent figures, including Galaxy Investment Partners CEO Michael Novogratz and Paypal co-founder Peter Thiel, to discuss the state of bitcoin.
The crypto economy has expanded in the months since the COVID-19 pandemic devastated the majority of the world’s economies, with more crypto enterprises appearing and flourishing.
Bitcoin has more than quadrupled in value since before the outbreak, despite a nearly 40% decline since November’s record high.
Busy Week For BTC Whales
Meanwhile, according to the latest data, Bitcoin whales have been preoccupied purchasing new supply from sellers, with the exchange Bitfinex seeing some significant bid volumes filled.
Several cryptocurrency news outlets have previously reported on the relevance of Bitfinex whales and their recent purchasing and selling activities.
Another anonymous large-volume wallet has likewise continued to acquire millions of dollars’ worth of Bitcoin at regular intervals independent of price movement — a practice known as dollar-cost averaging.
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Featured image from Marca, chart from TradingView.com
Bitcoinist @ Bitcoin 2022 Miami
Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve.
While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it for much longer. That’s why it is expected that more nation-states will purchase the cryptocurrency in the next year.
Fidelity On Why Countries Will Purchase Bitcoin
In a recent report published by Fidelity, it goes into depth about bitcoin and the role it may play in deciding which countries are the economic leaders of the world. This is because as the asset becomes more widely spread as a reserve currency, the countries who hold bitcoin may see their influence grow higher than those who do not, despite where they might stand today.
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History has always shown that those who are quick to accept innovation and new technology have always ended up faring better compared to those who do not, and that may well be the case with bitcoin and other cryptocurrencies.
Fidelity also refers to it as a “very high stakes game theory.” If bitcoin adoption continues to grow, then those who got in earlier will no doubt be better off than the rest. This will push other countries to also acquire the digital asset as “insurance” so as to not be left behind even if they do not believe in the investment thesis or the adoption of the digital asset.
Basically, sovereign nation-states would purchase bitcoin sort of as a hedge, in case it does end up being important in the future. “In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future.”
A Total Ban Will Be Difficult
Touching on the ban debate that has raged on in the space, the report explained that banning bitcoin outright would be hard to achieve. Although not impossible, it could certainly lead to a significant loss of wealth and opportunity, it added.
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There is yet to be an all-encompassing bill passed in regards to cryptocurrencies which provides total regulatory clarity. The infrastructure bill which was passed last year and scheduled to go into effect in 2024 continues to be subjected to numerous amendments, and with such a long time frame till implementation, there is no telling where the bill might end up.
However, Fidelity noted in its report that a digital asset regulation being passed into law will be a milestone for bitcoin, stating that “what we think is most notable is that digital asset regulation becoming law is another milestone as the asset class comes of age and establishes itself.”
BTC trending above $43K | Source: BTCUSD on TradingView.com
Featured image from Bitcoin News, chart from TradingView.com
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