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.
