Metaplanet Expands Bitcoin Holdings with $6.5 Million Bull Buy

Metaplanet Inc., a Tokyo-listed firm, has furthered its bullish foray into Bitcoin (BTC) by acquiring an additional 108.999 BTC for ¥1 billion ($6.5 million). This latest purchase, part of a broader Bitcoin buying spree in October, brings the company’s total Bitcoin holdings to 748.502 BTC, worth around $45.2 million. Metaplanet’s sustained investment in Bitcoin reinforces its long-term strategy of using cryptocurrency as a core treasury asset, positioning itself as a key player in the growing trend of corporate crypto investment.

Metaplanet’s Bitcoin acquisition strategy goes beyond simple spot purchases. The company employs a clever method by selling out options alongside its Bitcoin buys, allowing it to “bottom-fish” and acquire more Bitcoin if prices fall. This approach, noted by Peter Chung, Head of Research at Presto Labs, adds a layer of sophistication not commonly seen among other companies investing in Bitcoin. It allows Metaplanet to generate additional yield while expanding its BTC holdings during price dips.

Since its first Bitcoin purchase in April 2024, Metaplanet has embraced Bitcoin as a valuable long-term asset. Leadership at the firm, which has been operating for 13 years, views Bitcoin as a strategic move to enhance shareholder value, driving an initial spike in its stock price from ¥190 ($1.32) to a peak of ¥1,008 ($7.01). While the stock has since stabilized at around $6.40, the initial surge reflects market optimism surrounding its bold Bitcoin strategy.

Metaplanet has branded itself as “Asia’s answer to MicroStrategy,” mimicking the U.S.-based firm known for its vast Bitcoin holdings. Alongside companies like Tesla and Block Inc., Metaplanet is part of a larger corporate movement incorporating Bitcoin into long-term financial strategies. By adopting cryptocurrency as a core asset, these firms are recognizing Bitcoin’s potential as a hedge against inflation and a store of value in an increasingly digital financial landscape.

Metaplanet’s sophisticated strategy and continued investment signal confidence in Bitcoin’s future and may encourage other corporations in Asia to follow suit, further driving the adoption of cryptocurrency in corporate treasury management.