Metaplanet Becomes Asia’s Second-Largest Corporate Bitcoin Holder

Japanese investment firm Metaplanet boosts holdings to over 1,000 bitcoin, becoming Asia’s second-largest corporate bitcoin holder after Boyaa Interactive.
Metaplanet Becomes Asia’s Second-Largest Corporate Bitcoin Holder
Picture from Metaplanet's website
Metaplanet Becomes Asia’s Second-Largest Corporate Bitcoin Holder
Picture from Metaplanet's website

Key Takeaways

  • Metaplanet’s holdings surpass 1,000 bitcoin, making it the second-largest corporate bitcoin holder in Asia.
  • The company’s Bitcoin-first treasury strategy is a response to Japan’s economic pressures and signals ongoing investments.
  • Metaplanet’s stock performance has surged by over 500% in 2024, partly driven by its bitcoin acquisitions.

Metaplanet's Bitcoin Holdings Cross 1,000 bitcoin


Japanese investment firm Metaplanet recently crossed the 1,000 bitcoin mark with a total of 1,018.17 bitcoin.

The company’s Bitcoin holdings are now valued at approximately $68M, solidifying its position in Asia.

Metaplanet's CEO Simon Gerovich celebrated the milestone, acknowledging the firm’s growing role in the Bitcoin ecosystem.

Asia’s Second-Largest Corporate Bitcoin Holder


With this recent acquisition, Metaplanet has become Asia’s second-largest corporate bitcoin holder after Boyaa Interactive.

Data from BitcoinTreasuries places Metaplanet as the 19th-largest corporate holder of bitcoin worldwide.

Boyaa Interactive, a Hong Kong-based company, leads in Asia, holding 1,100 bitcoin, purchased earlier this year, while Meitu, another Hong Kong-based company, follows Metaplanet with 940.9 bitcoin.

Strategic Shift Towards Bitcoin as a Treasury Reserve Asset


In response to economic pressures in Japan, Metaplanet adopted bitcoin as its primary treasury reserve asset in May.

The company now pursues a 'Bitcoin-first, Bitcoin-only' approach in its treasury management.

Since adopting this strategy, Metaplanet’s stock price has risen sharply, climbing by over 500% in 2024.

On Oct. 15, Metaplanet shares jumped 16% following the disclosure of an additional 107 bitcoin purchase.

Currently, the company’s stock trades at 1,150 JPY, or around 7.5 USD, marking significant growth tied to its Bitcoin investments.

[Original Article]

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Naiw

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