Here's a detailed overview of Metaplanet's Bitcoin purchases :
**Metaplanet Inc.** (formerly a Japanese hotel/real estate firm) has **strategically pivoted** to become a significant corporate Bitcoin holder, often dubbed **"Asia's MicroStrategy."** Facing Japan's persistent deflation and a weak yen, the company adopted Bitcoin as its **primary treasury reserve asset** to hedge against currency devaluation and inflation.
Key Points:
1. **Initial Purchase:** Announced its first Bitcoin acquisition of **1 billion JPY** (approx. **$6.5 million at the time**) in **April 2024**.
2. **Aggressive Accumulation:** Has executed **multiple subsequent purchases** through mid-2024, funded by yen reserves and bond issuances.
3. **Current Holdings:** As of late June 2024, publicly reported holdings exceed **200 BTC**.
4. **Strategy:** Explicitly states Bitcoin adoption is a **core treasury policy** to protect shareholder value against macroeconomic risks in Japan.
5. **Market Reaction:** The strategy significantly boosted its **stock price** and drew global investor attention.
This move positions Metaplanet as a prominent Asian corporate advocate for Bitcoin as a strategic reserve asset.