Metaplanet, a Japanese company transitioning from Web3 and metaverse ventures, recently purchased 1,111 Bitcoin for $1.1 billion, signaling a bold shift towards corporate Bitcoin adoption, a move mirroring strategies of firms like MicroStrategy and reflecting Japan’s growing crypto-friendly policies since the 2017 legal recognition of Bitcoin as property.
This acquisition aligns with Bitcoin’s current market consolidation within a symmetrical triangle pattern, as noted in TradingView’s June 22, 2025 analysis, suggesting potential for significant price movement, with Metaplanet’s $99,595 per BTC purchase price exceeding the recent $108,500 resistance level, indicating strong institutional confidence.
A 2019 ScienceDirect study on Japanese crypto adoption highlights that 35 variables, including financial literacy and risky asset holdings, distinguish crypto owners, supporting Metaplanet’s strategy as part of a broader trend where corporations hedge against yen devaluation amid Japan’s economic challenges.
