Metaplanet Inc. bought 135 Bitcoins at 1.9 billion yen ($12.9 million) to build its BTC treasury resources. With this purchase the firm now controls 2,235 BTC and keeps building its massive BTC collection according to its clear strategy.
Tokyo-listed Metaplanet Inc. aims to build up 10,000 BTC by 2025 and 21,000 BTC by 2026. During June of 2024 Metaplanet started buying BTC with an initial 141 BTC purchase which led to its extensive BTC collection.
Metaplanet Expands Bitcoin Holdings Strategically
The company bought bitcoins this time at an average price of 14.3 million yen each because it believes BTC will remain strong over time. Metaplanet plans to grow its business through BTC Yield by measuring how many Bitcoin tokens it owns versus the number of its standard shares. The company earned 309.8% during Q4 2024 from BTC accumulation activities.
People view Metaplanet’s BTC investment moves as similar to MicroStrategy behavior because they both started corporate BTC programs first. Metaplanet stands out as a major player in Asia because Japan offers new market opportunities for institutional cryptocurrency investment.
By investing more in BTC Metaplanet demonstrates its belief that corporations will use this cryptocurrency to manage their financial holdings.
