‘Asia’s MicroStrategy’ Metaplanet And Tether Announce Major Bitcoin Purchases
Posted On April 1, 2025
Stablecoin issuer Tether (CRYPTO: USDT) and Japanese firm Metaplanet Inc. have significantly increased their Bitcoin (CRYPTO: BTC) reserves in the first quarter of 2025, reflecting a growing corporate trend of cryptocurrency investment.
What Happened: Tether acquired 8,888 Bitcoin for approximately $735 million, bringing its total holdings to 92,646 BTC, valued at $7.8 billion as of April 1.
Metaplanet added 696 Bitcoin at an average price of 14,586,230 yen per coin, totaling 10.152 billion yen ($68 million USD at current exchange rates), increasing its holdings to 4,046 BTC.
Tether’s latest purchase aligns with its strategy of allocating 15% of its quarterly net profits to Bitcoin, a practice it began in September 2022 and formalized in …
About The Author
