Metaplanet, a Japanese investment company, has just purchased an additional 156 Bitcoin, bringing its total Bitcoin holdings to over 1,000 BTC, worth 68 million USD. This move makes Metaplanet the second-largest Bitcoin holder in Asia and places it in the top 20 globally.
On October 28, Metaplanet announced that it had completed the purchase of an additional 156.78 Bitcoin at an average price of 61,629 USD/BTC, equivalent to 9.4 million yen. This transaction increased the total number of Bitcoin held by the company to 1,018.17 BTC, worth approximately 68 million USD at current market prices.
CEO Simon Gerovich shared on X that this milestone makes Metaplanet one of the largest Bitcoin holders in Asia. The company's representatives also affirmed the 'always and forever' strategy in accumulating Bitcoin, indicating plans to continue investing in this digital asset in the future.
According to data from BitcoinTreasuries, Metaplanet currently ranks 19th in the list of the largest Bitcoin holders globally and 2nd in Asia, only behind Boyaa Interactive International of China with 1,100 BTC. The 3rd in Asia is Meitu (Hong Kong) with 940.9 BTC.
Source: BitcoinTreasuries 'Bitcoin-first' strategy and its impact on stock prices
Metaplanet has adjusted its fund management strategy in May, shifting to using Bitcoin as its primary reserve asset. The company stated that this decision is to respond to prolonged economic pressures in Japan and affirmed that it will prioritize the 'Bitcoin-first, Bitcoin-only' strategy in financial governance.
Since starting to invest in Bitcoin, Metaplanet's stock has recorded impressive performance. On October 15, after announcing the purchase of an additional 107 BTC, the company's stock price rose by 16%. Currently, Metaplanet's shares are trading at 1,150 JPY (7.5 USD), an increase of 505.26% since the beginning of 2024 according to data from Google Finance.
