The Japanese company Metaplanet has strengthened its exposure to Bitcoin by purchasing 1,004 BTC worth approximately 104.3 million USD, marking its third significant purchase this month, bringing the company's total holdings to 7,800 coins.
The announcement of this transaction pushed the stock price of Metaplanet (3350.T) to its highest level in three months – the value of the shares increased by 12.6% to 702 yen, and in a month it has already gained over 100%.
The purchases were financed by the issuance of zero-coupon bonds with a total value of 64.7 million USD, and the report for Q1 2025 shows revenues of 6 million USD, of which as much as 88% came from trading options on BTC.
The strategy of holding reserves in Bitcoin not only attracts the attention of investors but also sets new standards for corporate cryptocurrency usage in Japan.