Key Points:
Metaplanet increased its Bitcoin holdings by purchasing an additional 21.38 BTC, bringing its total reserves to 245.992 BTC.
The company has been steadily acquiring Bitcoin since April to hedge against the weakening Japanese yen.
Metaplanet Bitcoin investment strategy has led to a significant stock performance boost, with shares surging over 150% in May.
Japanese public company Metaplanet, often referred to as "Asia’s MicroStrategy," has expanded its Bitcoin holdings with a new purchase on Monday.
Read more: Sora Ventures Collaborates with Metaplanet to Launch ‘Asia Microstrategy’ for Bitcoin Access, Evading 55% Tax
Metaplanet Bitcoin Investment Boosted with Latest Acquisition
The company acquired an additional 21.38 Bitcoins, valued at ¥200 million ($1.4 million), equating to an average price of ¥9.81 million ($62,300) per coin. The recent acquisition elevates Metaplanet’s total Bitcoin reserves to 245.992 BTC, now worth $16.73 million.
Metaplanet Bitcoin investment strategy is evident, with a prior purchase of 21.88 Bitcoins on July 16, also worth ¥200 million at the time. The strategy aligns with the company’s board decision last month to invest ¥1 billion ($6.26 million) in Bitcoin using funds raised through a bond issuance.
Since April, Metaplanet has been systematically acquiring Bitcoin, adopting a dollar-cost averaging (DCA) approach similar to that of U.S. firm MicroStrategy. Metaplanet Bitcoin investment to diversify into Bitcoin is driven by the desire to hedge against the depreciating Japanese yen.
Strategic Bitcoin Investments Drive Metaplanet’s Surge
The investment policy has significantly benefited Metaplanet’s stock performance. The company’s consistent Bitcoin purchases, including six separate transactions since April 23, have bolstered its market standing. In May, Metaplanet's stock surged over 150%, marking it as one of the top gainers in the Japanese market.
Despite being listed on the Tokyo Stock Exchange, which limits U.S. investor access, Metaplanet is exploring tokenization options. According to Arnab Naskar, co-founder of security token platform STOKR, there are plans to tokenize Metaplanet shares on the Bitcoin layer-2 network Liquid, potentially broadening its investor base.
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