Japan’s Metaplanet is pressing further into its Bitcoin-centric strategy, announcing plans to raise $137 million specifically to buy more Bitcoin.
The move reinforces the company’s transformation into a Bitcoin-focused treasury vehicle rather than a traditional operating business.
Key takeaways:
Metaplanet plans a $137 million capital raise dedicated entirely to Bitcoin purchases
The strategy signals long-term accumulation rather than short-term trading
Total Bitcoin holdings now stand at 35,102 BTC, placing Metaplanet among the most aggressive corporate holders globally
The company has been steadily increasing its exposure over recent months, framing Bitcoin as a long-term reserve asset and a hedge against currency debasement and macroeconomic uncertainty.
By continuing to accumulate during periods of market consolidation, Metaplanet is signaling conviction in Bitcoin’s long-term thesis rather than reacting to short-term price volatility. This approach mirrors a broader institutional trend, where Bitcoin is increasingly treated as a balance-sheet asset intended to be held through market cycles. Public commitments of this scale also contribute to tightening available supply, reinforcing longer-term demand dynamics.
Bitcoin Price Action and Technical Structure
Bitcoin is currently trading around $87,700, following a sharp pullback from recent highs near the $98,000 area. From a structural perspective, the move still resembles a corrective phase within a broader bullish trend rather than a full trend reversal. Higher-time-frame structure remains intact, while lower-time-frame price action reflects consolidation and absorption of selling pressure.
Momentum indicators align with this view. The Relative Strength Index has dropped into the mid-30s, indicating weakened momentum and conditions approaching oversold territory, often associated with short-term exhaustion.
The Moving Average Convergence Divergence remains negative, confirming bearish momentum in the short term, but the flattening histogram suggests downside pressure may be stabilizing. On the price level side, the $86,000–$87,000 zone stands out as a critical support area that has already attracted buyers multiple times. Resistance remains layered near $90,000, with a more significant barrier around $94,000.
A sustained hold above current support keeps the corrective structure constructive and favors eventual continuation higher. A reclaim of $90,000 would signal improving momentum, while a decisive breakdown below support would likely lead to deeper consolidation before the broader trend reasserts itself.
Against this technical backdrop, Metaplanet’s continued accumulation highlights the contrast between short-term market noise and growing long-term institutional conviction.
