{"id":98018,"date":"2024-10-28T08:30:02","date_gmt":"2024-10-28T12:30:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98018"},"modified":"2024-10-28T08:34:44","modified_gmt":"2024-10-28T12:34:44","slug":"metaplanet-rises-to-asias-second-largest","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/metaplanet-rises-to-asias-second-largest\/","title":{"rendered":"Metaplanet Rises to Asia’s Second-Largest Corporate Bitcoin Holder"},"content":{"rendered":"\n

Metaplanet's<\/a> latest Bitcoin buy elevates it to Asia's second-largest corporate Bitcoin holder, trailing Boyaa Interactive International, which holds 1,100 BTC.<\/p>\n\n\n\n

\"Metaplanet<\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

On October 28, Metaplanet announced its latest purchase\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> of 156.78 Bitcoin, bringing its total to 1,018.17 BTC. <\/p>\n\n\n\n

This acquisition puts the company\u2019s average Bitcoin price at about $61,629 (or 9.4 million yen per BTC).<\/p>\n\n\n\n

Simon Gerovich, CEO of Metaplanet, celebrated the achievement on X, tweeting:<\/p>\n\n\n\n

\n

\u201cMetaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.\u201d <\/p>\n<\/blockquote>\n\n\n\n

When a community member inquired if the company planned to continue buying Bitcoin, Gerovich replied, \u201calways and forever,\u201d signaling future purchases.<\/p>\n\n\n\n

Asia\u2019s Second-Largest Bitcoin Holder<\/h2>\n\n\n\n

With this latest purchase, Metaplanet has become Asia\u2019s second-largest corporate holder of Bitcoin. <\/p>\n\n\n\n

Data from BitcoinTreasuries shows Metaplanet is now the 19th-largest corporate Bitcoin holder worldwide.<\/p>\n\n\n\n

\"Metaplanet
Largest corporate Bitcoin holders across the globe. Source: BitcoinTreasuries<\/em><\/figcaption><\/figure>\n\n\n\n

While some reports suggest Metaplanet has become Asia\u2019s largest corporate holder<\/a>, BitcoinTreasuries data indicates it still trails China-based Boyaa Interactive International, which holds 1,100 BTC from a January purchase.<\/p>\n\n\n\n

Following Metaplanet is Hong Kong-based Meitu, holding 940.9 BTC, valued at around $64 million.<\/p>\n\n\n\n

Bitcoin as a Strategic Reserve Asset<\/h2>\n\n\n\n

Metaplanet revised its treasury strategy in May, choosing Bitcoin as its reserve asset in response to \u201csustained economic pressures in Japan.\u201d The firm committed to a \u201cBitcoin-first, Bitcoin-only\u201d strategy.<\/p>\n\n\n\n

\"Metaplanet
Metaplanet\u2019s stock price chart in the last year. Source: Google Finance<\/em><\/figcaption><\/figure>\n\n\n\n

Since it began purchasing Bitcoin, Metaplanet\u2019s shares have seen notable gains. On October 15, its stock surged by 16% after acquiring 107 BTC. <\/p>\n\n\n\n

Currently, shares trade at 1,150 JPY (around $7.5), with Google Finance data showing a 505.26% increase in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":56,"featured_media":98042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-98018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/Metaplanet-Rises-to-Asias-Second-Largest-Corporate-Bitcoin-Holder.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98018"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98042"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}