Japanese investment firm Metaplanet has increased its Bitcoin holdings to more than $400 million. The move follows its recent purchase of 330 Bitcoin for $28.2 million. The average price per Bitcoin in the latest acquisition was $85,605.

Meanwhile, the BTCUSD H1 chart shows a strong upward move, with the price reaching $87,500 again. During this move, it breached $86,000, a key resistance level. Buyer sentiment appears optimistic, potentially driving the price towards the upside further.

Metaplanet Holds 4,855 Bitcoin, $414 Million

With the latest purchase, Metaplanet now holds 4,855 Bitcoin. The total value of these holdings stands at $414 million, according to a post on April 21 by Simon Gerovich, the company’s CEO.

Metaplanet’s Bitcoin investment has yielded over 119% in gains since the beginning of the year. On March 31, the company issued 2 billion Japanese yen, or $13.3 million, in bonds to fund further Bitcoin purchases, Cointelegraph reported.

Bitcoin Support at $86,000, $100K Possible

With Bitcoin's recent surge, the $86,000 level could act as a support point, increasing the likelihood of the cryptocurrency reaching $100,000 again. Bitcoin is also a central focus of DeepSeek AI's 2025 predictions. The platform has outlined three potential scenarios: in the base case, Bitcoin is expected to trade between $100,000 and $150,000.

In a more optimistic "hyperbitcoinization" scenario, the price could rise to $350,000. However, a black swan scenario suggests Bitcoin could reach $500,000. These projections reflect expectations of greater institutional adoption and blockchain's growing influence in global finance.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

You may find it interesting at FinanceMagnates.com: Why Is Bitcoin Going Up? Trump vs Powell Clash Is Pushing Crypto Higher.

Aiming for 21,000 Bitcoin Holdings

According to data from Bitbo, Metaplanet is now the largest corporate Bitcoin holder in Asia. It is also ranked tenth globally among public companies with Bitcoin on their balance sheets.

The firm plans to expand its holdings to 21,000 Bitcoin by 2026. This target is part of its broader strategy to support Bitcoin adoption in Japan.

Metaplanet’s latest purchase comes one week after another acquisition by Strategy, the largest corporate holder of Bitcoin. The two companies are often compared due to their similar investment approaches.

Source: Finance Magnates