The Japanese hotel and investment firm Metaplanet has issued fresh bonds and accumulated an additional 150 Bitcoin (BTC).

The new Bitcoin acquisition brings the investment firm’s total holdings to 3,200 BTC.

With Bitcoin trading at $81,383 at time of writing, that means Metaplanet currently owns more than $260.4 million worth of the top crypto asset.

To buy the new BTC, the firm’s board of directors approved a new series of bonds to raise 2 billion yen. The bonds have a scheduled maturity date of September 17th.

Metaplanet chief executive Simon Gerovich notes the new purchase puts the firm in the top 10 publicly listed Bitcoin holders globally.

“We are now officially the largest publicly listed Bitcoin holder in Asia — a major milestone as we continue executing our Bitcoin strategy with conviction.”

Metaplanet’s stock has been down 33.17% in the past month but has been up a staggering 1,915% in the past year, per data from MarketWatch.

The Japanese firm has bought its 2,300 Bitcoin at an average price of $83,107 per BTC. The company aims to acquire 10,000 Bitcoin by the end of 2025 and 21,000 BTC by the end of 2026.

Metaplanet also continues to operate a Tokyo hotel, which it plans to renovate and rebrand into “the Bitcoin Hotel.”

BTC is down nearly 3% in the past 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto analyst says that Bitcoin (BTC) may suddenly turn bullish based on one key indicator.

In a new post, crypto trader Rekt Capital tells his 542,500 followers on the social media platform X that the Relative Strength Index (RSI) – a momentum indicator used to indicate overbought or oversold levels – may soon break out of a downtrend, signaling bullishness for Bitcoin.

“Going forward, it will be worth watching this daily RSI downtrend for a breakout in the future. This downtrend has been a resistance on the RSI since November 2024. An RSI downtrend break would likely precede a trend reversal to the upside in price.”

In a strategy session, the analyst tells his 107,000 YouTube subscribers that the RSI has bounced off the oversold level in the 20s range, which historically has led to a price reversal for Bitcoin.

“We’ve dropped into a zone of overselling, so below the 30 RSI, that’s typically where we see sellers get a little bit too enthusiastic. People are selling too much, and the sellers are slowly getting exhausted. They are overselling, which means that it’s easier for buyers to step into the market and start buying up prices, and they don’t even need to buy up on high volume.

And it’s already pressing prices up quite nicely towards the upside without much effort. And that’s exactly what happens when sellers are exhausted. And we’ve seen these oversold regions on quite a few occasions across this cycle. And each time we got here on that first crash, we were very close to a bottom, or we were at a bottom already, and we’d see price reverse towards the upside.”

The analyst also says that Bitcoin’s retracement from the all-time high is not out of the ordinary based on historical precedence.

“This current pullback (-29%) is one of the deeper retraces in the cycle but it’s not extraordinary. After all, we’ve seen a deeper retrace in the immediate post-halving period (-32%). Not only that, but we’ve seen deeper pullbacks in previous cycles.

Major 2021 corrections: -31%, -55%, -25%.

Major 2017 corrections: -34%, -34%, -38%, -40%, -29%.”

Bitcoin is trading for $83,112 at time of writing, flat on the day.

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The Trump administration is doubling down on its Bitcoin strategy, with top officials emphasizing their commitment to growing the U.S. government’s BTC holdings. Speaking at the Digital Assets Summit today in New York, Bo Hines, Executive Director on Digital Assets for President Trump, made it clear that the United States is determined to accumulate Bitcoin at an unprecedented scale.

“I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away,” Hines stated. He went on to reveal that at President Trump’s first-ever digital assets summit at the White House, discussions centered around “ways of acquiring more Bitcoin in budget-neutral ways.”

Hines drew a direct comparison between Bitcoin and gold when asked how much BTC the government intends to hold. “You know, I’ve been asked all the time, it’s like how much do you want? Well, that’s like asking a country how much gold do you want – as much as we can get.”

His comments align with the administration’s broader strategy following President Trump’s March 6 executive order, which formally established the U.S. Strategic Bitcoin Reserve. The initiative repurposes BTC obtained through forfeitures and seizures, ensuring that the bitcoin remains under government control as a long-term reserve. The very next day, President Trump’s crypto advisor David Sacks underscored the move’s significance, telling Bloomberg: “We’ve decided that Bitcoin is scarce, it’s valuable, and that is strategic for the United States to hold on to this as a long-term reserve asset.”

Beyond retention, the administration is exploring ways to expand its holdings without it costing tax payers anything. At the White House Digital Asset Summit, President Trump himself stated, “The Treasury and Commerce Departments will also explore new pathways to accumulate additional Bitcoin holdings for the reserve.”

The establishment of the Strategic Bitcoin Reserve has already spurred more legislative action. U.S. Rep. Byron Donalds introduced a bill to solidify Trump’s initiative into law, ensuring it remains intact for future administrations. Meanwhile, U.S. Senator Cynthia Lummis and Congressman Nick Begich have proposed a separate measure calling for the United States to purchase 200,000 BTC per year over the next five years, totaling 1 million BTC, which would be held for a minimum of 20 years.

With a limited Bitcoin supply and increasing institutional adoption, the administration sees BTC as an essential asset for the nation’s financial future. As Hines put it, “We look at Bitcoin, it’s not a security, it’s a commodity. It has intrinsic stored value, it’s traditionally accepted… and that’s why you saw in the executive order that we compared this to digital gold.”