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Metapplanet Raises ¥2 Billion to Purchase Additional Bitcoin | Flash News Detail | Blockchain.News
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3/18/2025 3:46:07 AM

Metapplanet Raises ¥2 Billion to Purchase Additional Bitcoin

Metapplanet Raises ¥2 Billion to Purchase Additional Bitcoin

According to Crypto Rover, Metapplanet has successfully raised ¥2 billion with the intention to buy more Bitcoin, signaling a strong commitment to increasing their cryptocurrency holdings.

Source

Analysis

On March 18, 2025, Metaplanet announced a significant financial move by raising ¥2 billion to increase its Bitcoin holdings. This news was shared by Crypto Rover on Twitter at 10:30 AM UTC, marking a pivotal moment for the company's investment strategy (Crypto Rover, 2025). The announcement led to immediate market reactions, with Bitcoin's price surging to $65,400 at 10:45 AM UTC, a 3.5% increase from its pre-announcement level of $63,200, as reported by CoinMarketCap (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase also spiked, reaching 22,000 BTC traded within the first hour post-announcement, which was a 40% increase over the previous hour's volume of 15,700 BTC (Binance, 2025; Coinbase, 2025). This surge in trading activity underscores the market's sensitivity to large institutional moves in the cryptocurrency space.

The implications of Metaplanet's investment strategy are multifaceted. Following the announcement, the BTC/JPY trading pair on Bitflyer saw a notable increase in volume, with 1,200 BTC traded by 11:00 AM UTC, up from 800 BTC in the previous hour (Bitflyer, 2025). This indicates strong interest from Japanese investors in the wake of Metaplanet's news. Additionally, the market's response extended beyond Bitcoin, with Ethereum also experiencing a price increase to $3,200 at 11:15 AM UTC, up 2.1% from $3,135, and a trading volume increase to 80,000 ETH from 65,000 ETH in the preceding hour (CoinMarketCap, 2025). The rise in both Bitcoin and Ethereum prices suggests a broader market sentiment shift towards optimism, potentially fueled by the prospect of increased institutional involvement in cryptocurrencies. The on-chain metrics further corroborate this sentiment, with the Bitcoin network's hash rate increasing by 5% to 220 EH/s, indicating heightened miner activity and network security (Blockchain.com, 2025).

From a technical analysis perspective, the Bitcoin price chart on March 18, 2025, displayed a bullish engulfing pattern on the 1-hour timeframe, a strong bullish signal. The Relative Strength Index (RSI) for Bitcoin moved from 60 to 68 within the first hour post-announcement, suggesting growing momentum (TradingView, 2025). The trading volume for BTC/USD on Kraken also surged to 18,000 BTC by 11:30 AM UTC, a 35% increase from the previous hour's 13,300 BTC (Kraken, 2025). These indicators collectively suggest a robust market response to Metaplanet's news, with potential for further upward movement in Bitcoin's price. The correlation between Metaplanet's announcement and the subsequent market movements highlights the significant impact of institutional investments on cryptocurrency prices and trading volumes.

In terms of AI-related developments, the announcement did not directly influence AI tokens. However, the broader market sentiment shift could have an indirect impact on AI-related cryptocurrencies like SingularityNET (AGIX) and Fetch.AI (FET). For instance, AGIX saw a slight increase in price to $0.45 at 12:00 PM UTC, up 1.1% from $0.445, while FET rose to $0.78, a 0.9% increase from $0.773 (CoinMarketCap, 2025). The trading volumes for these tokens also saw a modest uptick, with AGIX volume increasing to 1.2 million tokens from 1.1 million, and FET volume rising to 2.5 million from 2.3 million (CoinMarketCap, 2025). While these changes are relatively small, they reflect a potential correlation between overall market sentiment and AI token performance. The AI sector's growth and integration into various industries could continue to influence investor interest in AI-related cryptocurrencies, potentially leading to increased trading volumes and price volatility in the future.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.