As Bitcoin hovers around the critical technical level of $100,000, Asian capital begins to quietly gain momentum. The latest round of large buy orders comes from the Tokyo-listed investment company—MetaPlanet. This newly emerged 'Bitcoin whale' spent approximately 18.4 billion yen ($126 million) to acquire 1,241 Bitcoins, bringing its total holding to 6,796 BTC, which has already surpassed $706 million at current market value.
According to disclosed information, the average purchase price for this acquisition is $102,119 per coin, which is not only the company's largest single Bitcoin acquisition in history but also the most significant strategic deployment since launching the 'Bitcoin Treasury Bond Business' in 2024. MetaPlanet clearly stated its goal of holding 10,000 BTC by the end of 2025, which is highly consistent with the 'Treasury-type holding logic' adopted by Michael Saylor's strategic company (formerly MicroStrategy).
From chasing gains to controlling holdings: Japanese capital begins to 'lock in funds'
Notably, this action has propelled MetaPlanet to the 11th position in the global Bitcoin holding rankings, surpassing the 6,174 BTC held by the Salvadoran government, making it the largest publicly listed Bitcoin holder in Asia. Behind this accumulation behavior is not just 'bullish' sentiment but a strategic posture of completely transforming the asset structure.
More significantly, this is not an isolated case.
Similarly, Tokyo-listed Beat Holdings announced last week a significant increase in its Bitcoin ETF exposure—raising the investment limit from $6.8 million to $34 million, and disclosing that it has purchased over 130,000 units of BlackRock's IBIT fund. Even through credit financing, the company still expects to achieve over $680,000 in unrealized gains for the year and shows intent for long-term holding.
From past 'observers' to today's 'heavy investors', Japanese companies are accelerating their institutional entry. This trend reflects a consensus evolution in the global capital market: Bitcoin is becoming an alternative reserve asset, no longer just a speculative target, but an 'anti-inflation anchor' and 'de-dollarization tool' in financial asset allocation portfolios.
BTC Yield vs. Shareholder Value: A Testing Ground for a New Type of Metric
In this disclosure of Bitcoin purchases, MetaPlanet emphasized a proprietary metric used internally: BTC Yield. This metric measures the correlation between its Bitcoin strategy and shareholder value growth.
Q4 2024: BTC Yield Reaches 309.8%
Q1 2025: BTC Yield Falls to 95.6%
Q2 to date: BTC Yield is 38%
Through this non-traditional financial metric, MetaPlanet is attempting to establish a new logic for market capitalization management—using Bitcoin price movements to drive synchronized growth in company valuation and shareholder returns, clearly intending to 'assetize' and 'financialize' Bitcoin.
This is also a core scenario where Mlion.ai can intervene. Through its AI research report feature, investors can not only track on-chain holding data and dynamic relationships with market trends but also use a combination of price prediction and market sentiment analysis to deduce potential changes in shareholder equity caused by fluctuations in corporate assets, allowing them to grasp turning points for asset injections and corporate value reassessments in advance.
Comparison with Saylor's Strategy: Institutional Holding Battle is Accelerating
Meanwhile, the 'Godfather of Bitcoin' in the U.S., Michael Saylor, has also been active. The strategic company purchased 1,895 Bitcoins last week, valued at approximately $180 million, bringing its total holding to over $52 billion, and announced in the latest funding round that it will increase its capital to $84 billion. The company plans to issue another $21 billion in common stock and double the debt issuance limit to $42 billion, clearly aiming to free up more financial space to continue accumulating.
From the United States to Japan, **the 'second wave' of institutional Bitcoin accumulation is taking shape.** However, the U.S. government has not shown a similar willingness to participate. Arthur Hayes, former executive of BitMEX, bluntly stated that the U.S. national debt issue and the cultural divide between the government image and cryptocurrency investors make it harder to embrace Bitcoin on a large scale in the short term.
This gap has instead given Asian companies an opportunity.
Conclusion: Who will gain the upper hand in the next cycle?
MetaPlanet's recent accumulation is not just a digital game; it represents a deep institutional reflection of traditional capital markets on Bitcoin strategy. In the context of rising uncertainty in the macro environment and increasing pressure from fiat currency depreciation, more and more listed companies are choosing Bitcoin as the underlying support for their 'corporate treasury,' driven by comprehensive considerations of asset safety, risk resistance, and the strategic transformation of international capital.
Moreover, the implementation effects of such strategies can no longer be clearly interpreted solely through traditional financial reports. The Mlion.ai platform provides investors with a panoramic insight framework through AI modeling, combined with on-chain addresses, capital flows, ETF subscriptions, and macro policy signals, helping to understand the real capital movements behind Bitcoin.
This is no longer just a transaction; it is a structural market reorganization. The holders have changed, and the perception of value is also being reshaped.
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice!