According to CoinDesk, Japanese company Metaplanet announced that it had increased its holdings of 107 BTC at an average price of $64,168, with a total value of $6.9 million, with funds coming from a loan from MMXX Ventures. The company currently holds more than 500 BTC as a strategic reserve to hedge against yen fluctuations and Japanese debt. The move has driven the company's stock price up, with a market value-to-holding ratio of 20%. Since it began investing in Bitcoin in April, its stock price has risen by 420%.

Metaplanet added Bitcoin as a strategic reserve asset in May and first purchased 117.7 BTC in April, which was worth $7.19 million at the time. According to Bitcoin Treasuries data, Metaplanet is now the largest Bitcoin holder among Asian listed companies after Hong Kong Meitu, with an average purchase price of $64,931.