Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring 619.7 BTC for nearly $60 million as Bitcoin trades below $100,000. This marks a significant step in the firm's aggressive Bitcoin accumulation strategy, earning it the nickname “Asia’s MicroStrategy.”
Key Highlights:
Largest-Ever BTC Purchase:
Metaplanet’s latest purchase quadruples its previous record of 159.7 BTC on Oct. 28.
Total Bitcoin holdings now stand at 1,762 BTC, valued at approximately $168 million with an average acquisition price of $75,600 per BTC.
Performance Metrics:
From Oct. 1 to Dec. 23, the firm reported a 310% BTC Yield, significantly outperforming the 41.7% yield from Q3.
BTC Yield measures the firm’s Bitcoin acquisition performance, aimed at enhancing shareholder value.
Expanded Bitcoin Strategy:
Metaplanet plans to incorporate “Bitcoin accumulation and management” as a formal business line.
This will include leveraging loans, equity, convertible bonds, and other financial tools to acquire and hold Bitcoin.
The firm also raised $62 million (9.5 billion yen) through a stock acquisition program to fund additional Bitcoin purchases.
Stock Market Impact:
Metaplanet’s stock surged 5% on the Tokyo Stock Exchange following the announcement but remains down 13% over the past week.
Shares have risen 2,100% year-to-date, hitting an all-time high of 4,080 yen ($26) on Dec. 17.
Metaplanet’s Position Among Corporate Bitcoin Holders:
With its latest acquisition, Metaplanet ranks as the 12th-largest corporate Bitcoin holder, trailing medical tech company Semler Scientific. The firm’s adoption of Bitcoin has propelled its stock price to historic highs and positions it as a major player in Asia’s crypto market, according to Cointelegrah.
