Japanese technology firm Metaplanet has acquired an additional 319 bitcoin worth approximately ¥3.78 billion ($26.3 million), continuing its aggressive bitcoin accumulation strategy amid growing U.S.-China trade tensions.

The Tokyo-listed company purchased the bitcoin at an average price of ¥11.85 million ($83,147) per coin, according to a company announcement on Monday. The latest acquisition brings Metaplanet’s total bitcoin holdings to 4,525 BTC, with an aggregate cost basis of $408.1 million at an average purchase price of $90,194 per bitcoin.

A widely followed crypto strategist believes that Bitcoin (BTC) can take the path of higher for longer this market cycle.

Pseudonymous analyst Jack tells his 268,200 followers on the social media platform X that he thinks Bitcoin will not print a new all-time high this year after US President Donald Trump instigated a global trade war and created uncertain market conditions.

The trader shares a chart suggesting that Bitcoin will create a durable bottom between $66,000 and $80,000 for the rest of the year before launching a new bull run in 2026.

“Trump path clearly is contraction for now.

But in that world of less globalization and trust, Bitcoin is a good asset to have, becoming a ball held under water.

Similar to how 2013 saw a short bear [market].”

Looking at the trader’s chart, he appears to suggest that Bitcoin will rally to as high as $297,000 by November of 2026.

Jack says that one catalyst that could send Bitcoin flying is the potential capital rotation from gold to BTC. According to the trader, gold investors will eventually come to know that Bitcoin is far better than the precious metal as a safe-haven asset.

“What if Gold is trading like it is because everyone is scrambling to redeem paper for physical, of which there is a scarcity, vs. all the paper that has been issued, essentially catching up to its true value that has been diluted with paper

Bitcoin doesn’t have this issue and will rally once people realize it is the better alternative for trade due to this very specific property.”

“Paper” gold refers to financial instruments that allow investors to gain exposure to the precious metal without having to deal with the expenses or logistics of physically possessing the commodity. Jack appears to be highlighting Bitcoin’s portability as BTC holders can easily store, access and transfer their coins as long as they have the keys to their wallet.

At time of writing, Bitcoin is trading for $84,244.

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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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Bitcoin (BTC) proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings.

The company has added 80,785 BTC to its balance sheet since the beginning of the year after raising a total of $7.69 billion during the first quarter, with over half of that coming from common stock sales. Most, if not all, of those funds were used to buy bitcoin.

On Sunday, Saylor posted a BTC holdings tracker to X, a move that typically precedes a purchase announcement, commenting there are “no tariffs on orange dots.” The comment implies the company’s BTC purchases were unaffected by the reciprocal tariffs Donald Trump introduced earlier this month and the ensuing U.S.-China trade war.

The company paused its buying during the week ending April 6. Its crypto stash is currently worth roughly $44.59 billion, and was acquired for $35.63 billion.

Strategy currently holds 528,185 BTC bought at an average price of $67,458 according to Bitcointreasuries data equivalent to 2.515% of the cryptocurrency’s total supply.