Key Points
- Metaplanet has become the largest corporate holder of Bitcoin in Asia, with a total of 2,888 BTC.
- The company’s aggressive accumulation strategy aims to hold 21,000 BTC by 2026.
Japan-based Metaplanet is now the largest corporate holder of Bitcoin in Asia.
CEO Simon Gerovich revealed that the company’s latest acquisition was 497 BTC, purchased at roughly $88,448 per coin, which equated to an investment of nearly $44 million.
Bitcoin Acquisition Amid Market Fluctuations
Metaplanet made this purchase on March 5, when Bitcoin’s value decreased by over 8% due to fears of a potential trade war and new U.S. tariffs.
The company’s total Bitcoin holdings now amount to 2,888 BTC, valued at over $251 million.
With this acquisition, Metaplanet has surpassed Chinese gaming company Boyaa Interactive International, which holds 2410 BTC.
Metaplanet is now the 12th largest corporate Bitcoin holder worldwide.
Positive Impact on Metaplanet’s Stock
Following this news, Metaplanet’s stock increased by 20.93% on the Tokyo Stock Exchange.
Despite Bitcoin’s recent volatility, Metaplanet’s stock remains strong, with gains of over 1,700% on a yearly timeframe.
This was the second BTC purchase for Metaplanet in that week.
Earlier, on March 3, the company bought 156 BTC at an average price of $85,483 per coin, spending roughly $13.34 million.
Since the beginning of the year, Metaplanet has acquired a total of 794.5 BTC.
This aligns with the company’s aggressive accumulation strategy, inspired by Michael Saylor, who currently holds the title of the world’s largest corporate holder of Bitcoin.
Metaplanet’s year-to-date Bitcoin yield is now at 45%, according to Gerovich.
The company aims to hold 21,000 BTC by 2026.
To facilitate its Bitcoin acquisition spree, Metaplanet has been raising capital through bond issuances.
Most recently, it sold 4 billion yen (approximately $26.4 million) in zero-coupon bonds in February, followed by another 2 billion yen (roughly $13.2 million) bond issuance on Feb. 27 under its 7th Series of Ordinary Bonds, set to mature in August 2025.
