Metaplanet’s latest Bitcoin buy elevates it to Asia’s second-largest corporate Bitcoin holder, trailing Boyaa Interactive International, which holds 1,100 BTC.
Japanese investment firm Metaplanet reached a new milestone with its recent Bitcoin acquisition, pushing its holdings to over 1,000 BTC, valued at approximately $68 million.
On October 28, Metaplanet announced its latest purchase of 156.78 Bitcoin, bringing its total to 1,018.17 BTC.
This acquisition puts the company’s average Bitcoin price at about $61,629 (or 9.4 million yen per BTC).
Simon Gerovich, CEO of Metaplanet, celebrated the achievement on X, tweeting:
“Metaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.”
When a community member inquired if the company planned to continue buying Bitcoin, Gerovich replied, “always and forever,” signaling future purchases.
Asia’s Second-Largest Bitcoin Holder
With this latest purchase, Metaplanet has become Asia’s second-largest corporate holder of Bitcoin.
Data from BitcoinTreasuries shows Metaplanet is now the 19th-largest corporate Bitcoin holder worldwide.
While some reports suggest Metaplanet has become Asia’s largest corporate holder, BitcoinTreasuries data indicates it still trails China-based Boyaa Interactive International, which holds 1,100 BTC from a January purchase.
Following Metaplanet is Hong Kong-based Meitu, holding 940.9 BTC, valued at around $64 million.
Bitcoin as a Strategic Reserve Asset
Metaplanet revised its treasury strategy in May, choosing Bitcoin as its reserve asset in response to “sustained economic pressures in Japan.” The firm committed to a “Bitcoin-first, Bitcoin-only” strategy.
Since it began purchasing Bitcoin, Metaplanet’s shares have seen notable gains. On October 15, its stock surged by 16% after acquiring 107 BTC.
Currently, shares trade at 1,150 JPY (around $7.5), with Google Finance data showing a 505.26% increase in 2024.
