Metaplanet, a Japanese investment company, has been aggressively buying Bitcoin (BTC) in recent months. Here are some key points about its recent purchases¹ ² ³:
- *Recent purchase*: Metaplanet acquired 1,112 BTC, worth approximately $117.2 million, raising its total holdings to 10,000 BTC.
- *Ambitious goal*: The company plans to accumulate 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027, which would make it the second largest holder of Bitcoin among public companies.
- *Investment strategy*: Metaplanet has been issuing common shares to finance its BTC purchases, a strategy that has attracted investor interest and earned the company the nickname "MicroStrategy of Asia."
- *Performance*: Metaplanet's stock rose more than 12% after announcing its plan to raise $5.4 billion to buy Bitcoin, and the company currently holds about 8,888 Bitcoins.
With these purchases, Metaplanet has become the largest holder of Bitcoin among publicly traded companies in Asia and ranks tenth globally in this ranking.