Metaplanet Raises $62 Million to Buy More Bitcoin

Metaplanet, a Tokyo-listed company, has raised about $62 million to continue buying Bitcoin. The company has been investing heavily in Bitcoin since April 2024, and now holds a total of 1,018 BTC worth about $62.6 million, with an average DCA price of $61,490 per coin.

Metaplanet recently announced that it has purchased an additional 156.78 BTC for 1.6 billion Japanese yen (about $10.4 million). It has also issued $11.3 million in bonds to increase its ability to buy Bitcoin. The purpose of these investments is to protect the company from the volatility of the Yen and the debt problem in Japan, with Metaplanet being dubbed the "Asian MicroStrategy" due to its similar Bitcoin accumulation strategy.