Japanese investment firm Metaplanet has significantly increased its Bitcoin holdings to over $400 million following its recent purchase. Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million, averaging $85,605 per BTC, totaling 4,855 Bitcoin worth $414 million, as reported by Simon Gerovich, the CEO of Metaplanet. The firm’s Bitcoin yield has exceeded 119% year-to-date after this latest investment. Metaplanet issued 2 billion Japanese yen ($13.3 million) in bonds to purchase more Bitcoin in March, indicating a strong commitment to expanding its crypto portfolio. With $414 million in Bitcoin holdings, Metaplanet now stands as Asia’s largest and the world’s 10th-largest corporate Bitcoin holder, according to Bitbo data. Market analysts, such as Enmanuel Cardozo from Brickken, believe that the growing institutional presence in Bitcoin, exemplified by firms like Strategy and Tether, is accelerating the four-year Bitcoin cycle. Metaplanet aims to accumulate 21,000 BTC by 2026 to advance Bitcoin adoption in Japan, drawing comparisons to the strategies employed by companies like MicroStrategy. Despite short-term uncertainty in the market, analysts remain optimistic about Bitcoin’s long-term trajectory, with predictions of surpassing $1.8 million by 2035. The recognition of Bitcoin as a superior savings technology with the potential to rival or exceed gold’s market capitalization is driving this positive outlook for the cryptocurrency market.