Metaplanet’s BTC stash hits 13,350 after June’s massive 46,806 BTC buy, reinforcing its position as Asia’s boldest Bitcoin adopter.
The Tokyo firm’s 348.8% YTD gain stems from its bond-stock strategy, fueling relentless Bitcoin buys without diluting shareholder equity.
Rising corporate BTC treasuries and long-term holder wallets signal growing institutional demand despite Bitcoin OGs selling into strength.
Metaplanet has expanded its Bitcoin treasury with a fresh purchase of 1,005 BTC valued at $108.1 million. This move raises its total holdings to 13,350 BTC, now worth approximately $1.27 billion. The Tokyo-listed firm is solidifying its position as Asia's most aggressive corporate Bitcoin adopter. Notably, it acquired 46,806 BTC in June alone—more than many national reserves—highlighting its commitment to long-term Bitcoin exposure.
Strategic Expansion Fuels Market Confidence
Metaplanet’s rapid accumulation aligns with a unique capital strategy involving zero-coupon bonds and stock acquisition rights. The firm issues bonds to EVO FUND, then redeems them early using proceeds from exercised stock rights. This mechanism creates a “liquidity flywheel,” allowing BTC accumulation without equity dilution. Hence, the company has avoided traditional funding constraints while delivering a staggering 348.8% year-to-date return.
Additionally, investors have responded positively to the company’s aggressive growth. Its Tokyo shares surged 10% to 1,633 JPY, rebounding from a recent dip. Similarly, OTC-listed shares (MTPLF) saw a volume spike nearing one million. Consequently, analysts believe the worst of the correction may be over, with bullish momentum likely to return. The stock remains under its March peak of 1,900 JPY but continues to gain strength as capital inflows and Bitcoin reserves grow.
Corporate Demand Reshapes Bitcoin Landscape
Besides Metaplanet, other corporations are also adopting Bitcoin treasuries. Cardone Capital and Panther Metals recently revealed their BTC accumulation plans. This shift marks an institutional trend beyond ETF inflows. Capriole Investments’ Charles Edwards noted that while Bitcoin OGs have been selling, new long-term holders are absorbing supply.
In the past two months, wallets holding BTC for over six months have surged dramatically. Moreover, analysts believe this shift is igniting a fresh buying frenzy. Michael Saylor’s firm has continued weekly purchases, with a potential new buy on June 29. Saylor recently stated Bitcoin could reach $21 million in the next 21 years. His company now holds more BTC than the top 20 public treasury firms combined.
At the time of writing BTC price trades at $107,612, down 0.55% in the last 24 hours. However, continued institutional interest could provide a fresh catalyst.
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