Metaplanet, also known as ‘Microstrategy Asia’, operating in the Tokyo stock market, has recently bought more Bitcoins worth 3.78 billion yen (approximately 26.3 million dollars) amidst the trade tensions between the U.S. and China. The company has acquired 319 Bitcoins at an average price of 12,849,780 yen (about 82,549 dollars) per unit, increasing its Bitcoin reserves to 4,525 units. Metaplanet aims to increase its Bitcoin assets by 470% by the end of the current year, reaching the goal of 10,000 Bitcoins. This purchase coincided with digital assets being influenced by geopolitical shifts. The price of Bitcoin dropped over 2% to 83,482 dollars on Monday, while traditional markets showed resilience against Trump’s contradictory statements on tariffs for Chinese goods. In the past 24 hours, Bitcoin’s price rose by 0.21% to 84,640 dollars, and Ethereum also experienced a 1.3% surge, reaching 1,636 dollars. Metaplanet considers Bitcoin as its main reserve asset. Last month, the company added Eric Trump, the son of the U.S. President, to its strategic advisory board, highlighting his business expertise and interest in Bitcoin. Concurrently, the Trump administration introduced two new initiatives, including strategic reserves of seized Bitcoins and the storage of America’s national digital assets, which include confiscated cryptocurrencies used for strategic purposes. You can monitor the live prices of all tokens and cryptocurrencies on the momentary price page of digital currencies.
