Tokyo-based investment firm Metaplanet has expanded its Bitcoin treasury by purchasing 319 BTC (worth $26.3 million), bringing its total holdings to 4,525 BTC. The move reinforces its position as Asia’s largest corporate Bitcoin holder and mirrors strategies pioneered by U.S. firms like MicroStrategy.
Key Details of the Purchase
• New Acquisition: 319 BTC bought at an average price of $82,549 per coin.
• Total Holdings: 4,525 BTC, acquired for $386.3 million at an average cost of $85,366 per Bitcoin.
• Funding Strategy: Utilized stock acquisition rights and zero-interest bonds to finance purchases without diluting shareholder value.
Why Bitcoin?
Metaplanet views Bitcoin as a long-term hedge against inflation and currency volatility. The company’s CEO, Simon Gerovich, highlighted a 108.3% year-to-date return on its Bitcoin investments, attributing success to disciplined treasury management.
Market Context
The purchase coincided with a 2% dip in Bitcoin’s price over the weekend, driven by uncertainty around U.S.-China trade policies. Despite this, Bitcoin has rebounded to $84,990, showcasing resilience amid geopolitical tensions. Traditional markets, including the Nasdaq and S&P 500, also posted gains, signaling broader investor confidence.
Following the MicroStrategy Playbook
Metaplanet’s approach mirrors MicroStrategy’s aggressive Bitcoin accumulation model, which has inspired global corporations to adopt crypto as a reserve asset. The firm aims to hold 10,000 BTC by year-end and 21,000 BTC by 2026—a nod to Bitcoin’s fixed supply cap of 21 million coins.
Strategic Moves and Leadership
Last month, Metaplanet appointed Eric Trump to its Strategic Advisory Board, citing his advocacy for digital assets. This aligns with the Trump administration’s recent initiatives, including a federal Bitcoin reserve funded by seized assets.
What’s Next?
Metaplanet plans to continue leveraging capital markets to expand its Bitcoin holdings, emphasizing transparency and shareholder value. As corporate adoption grows, its strategy could set a precedent for Asian firms exploring crypto treasury options.
