With the acquisition of 162 Bitcoin, Metaplanet now holds 3,050 BTC. Metaplanet’s cryptocurrency holdings have topped the 3,000 BTC milestone for the first time.
As part of its ongoing efforts to fortify its Bitcoin Treasury Operation, the Japanese investment business said on March 12 that it has just purchased an additional 162 Bitcoins (BTC) at an average price of 12,39 million yen ($83,635). With this most recent Bitcoin acquisition, Metaplanet has amassed 3,050 Bitcoin, or about $250 million.
*Metaplanet Purchases Additional 162 $BTC* pic.twitter.com/ESkiyierok
— Metaplanet Inc. (@Metaplanet_JP) March 12, 2025
Metaplanet’s Bitcoin Treasury has crossed the 3,000 BTC mark for the first time. Metaplanet, sometimes called the “Asian MicroStrategy (now known as Strategy),” has been steadily increasing its Bitcoin holdings since April 2024.
As of this writing, Bitcoin has increased by over 2% during the last day of trade. It hasn’t yet bounced back from its previous downturn, though, which caused the price of Bitcoin to drop from its peak of $90,000.
The current price of bitcoin is $81,665. The biggest cryptocurrency by market capitalization has dropped by about 16% over the last month and 6.4% over the last week.
In Q4 2024, the company’s BTC Yield—a metric that quantifies the quantity of Bitcoin held per share—increased by 309.8%. In the meanwhile, Metaplanet achieved a BTC Yield of 53.2% in the first quarter of 2025, which was computed from January 1 to March 12.
Metaplanet is the best-performing stock in Japan, with a stock price gain of almost 3,000% since it began buying Bitcoin in April 2024. Metaplanet’s stock increased 290 points, or 8.6%, to $3,630 on March 12. According to Yahoo Finance statistics, the company’s market capitalization is $141.8 billion at the moment.
The day after the company’s latest Bitcoin acquisition, Metaplanet said that it has increased its Bitcoin holdings by issuing ¥2 billion ($13.3 million) in zero-interest bonds. The bonds will maturity in September 2025 after being authorized on March 12.
US SEC postpones approval decisions for several crypto spot ETFs
Analysts are still hopeful despite the US SEC delaying cryptocurrency ETF certification for more scrutiny.
The clearance decisions for a number of altcoin spot exchange-traded fund (ETF) submissions were postponed by the US regulator on Tuesday. This covers the Litecoin, Solana, and Dogecoin ETFs as well as the XRP ETFs filed by Canary Capital, Bitwise, and 21Shares.
The Securities and Exchange Commission (SEC) has delayed making judgments about the Solana ETFs that 21Shares, Canary, and VanEck submitted, in accordance with a number of notices from the SEC. Additionally, Canary’s XRP and Litecoin spot ETFs were postponed.
This is a “standard procedure,” according to James Seyffart, an ETF analyst at Bloomberg, who also notes that these cryptocurrency ETFs still have a good chance of being approved.
“It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet,” he wrote on X. “This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October for these.”
Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet. This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines…
— James Seyffart (@JSeyff) March 11, 2025
Furthermore, “everything delayed,” according to fellow analyst Eric Balchunas, who cited ETFs with in-kind redemptions and Ether staking.
SEC needs “longer period” to decide on proposed ETFs
According to the regulator, it has “designated a longer period” to consider the suggested exchange-traded funds (ETFs) that follow the prices of different cryptocurrencies.
The SEC stated in a another filing that it has postponed the decisions for Cboe BZX’s spot Solana ETF and Grayscale’s XRP until May.
The revised deadline for choosing the Canary Spot ADA ETF has been formally set by the Commission at May 29. The postponement would allow “enough time to consider the proposed rule change and the issues raised therein,” according to the SEC.
Can Dogecoin price still hit $5 despite US SEC’s DOGE ETF delay?
Despite recent market volatility and the SEC’s ETF delay, experts believe that Dogecoin’s price might rise to $5.
The cryptocurrency market has recovered well from its recent turbulence, rising 1.30% to $2.65 trillion. The price of Dogecoin has increased by over 2% in the last day in keeping with this trend. A positive surge in DOGE is still anticipated by analysts, which would support the current rising trend.
Will Dogecoin price reach $5?
Market expert CryptoELITES recently provided a positive prediction for the price of Dogecoin in an X post. According to the analyst’s prediction, DOGE will soon hit $5. CryptoELITES provided a historical chart that indicates the $5 target price for Dogecoin in order to support their argument.
DOGE $5 is coming soon!
What do you think?
For more analysis, join my Telegram channel.https://t.co/EeTzlicwoM$DOGE #DOGE #Dogecoin #Memecoin pic.twitter.com/eDkKnhBSxh
— @CryptoELlTES (@CryptooELITES) March 11, 2025
On the 4-hour chart, Trader Tardigrade has detected the development of a 5-wave Descending Broadening Wedge, suggesting an imminent breakthrough. Dogecoin ($DOGE) recovered to challenge the wedge’s descending resistance line after an RSI bullish divergence was verified. The analyst’s forecasts indicate that Dogecoin may hit $0.1780.
Increased whale activity and ETF frenzy spark bullish resurgence
Dogecoin dropped by about 20% during the most recent crypto market downturn, from $0.22 to $0.17. But in just 72 hours, big Dogecoin investors, or whales, have taken advantage of the chance to accumulate 1.7 billion DOGE, or $298 million.
Analyst Lumen predicted that Dogecoin’s price will rise to $0.5 in response to this heightened whale activity. If DOGE rises beyond $0.2 prior to the ETF’s approval, he said, the goal might be achieved.
It’s interesting to note that by the end of 2025, cryptocurrency specialist DOGECAPITAL predicted that the price of Dogecoin would reach an ambitious $90.
Despite mounting anticipation, the US Securities and Exchange Commission (SEC) has apparently postponed its decision over the approval of exchange-traded funds (ETFs) for Dogecoin (DOGE), XRP, Solana, and Litecoin (LTC). Nate Geraci, president of the ETF Store, is hopeful that the ETFs will eventually be accepted.
Why $2 is a pivotal target for Dogecoin price?
Interestingly, $2 has been a crucial goal for the price of Dogecoin. Numerous cryptocurrency gurus have forecast that DOGE may surge to a price of about $2. Billy Markus, a co-founder of Dogecoin, for example, predicted that the price of Dogecoin may rise to $2.3, which would represent an incredible 500% increase.
Analyst Javon Marks also emphasized DOGE’s potential to reach $2.3, pointing to past trends. Changelly predicts that by July 2032, DOGE will have grown to the estimated $2.3.
The value of DOGE is $0.1614 at the time of writing, up 3.64% in the last day. The price of Dogecoin suffered sharp drops of 17% and 34% over the last week and month, respectively, despite the daily spike.
