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Metaplanet just made another bold move, adding 775 more Bitcoin to its reserves
This latest buy pushes their total stash to 18,888 BTC, worth about $2.18B at today’s prices.
The company spent roughly 114.3 billion yen ($775M) on this purchase, with each coin costing around $120K on average. That’s above the market value of about $115.6K when the filing was made, showing just how committed they are to their long-term strategy.
This isn’t a one-off. Earlier this month, Metaplanet picked up 463 BTC on Aug. 4 and 518 BTC on Aug. 12, signaling a steady accumulation pattern. Their approach mirrors MicroStrategy in the U.S., positioning Bitcoin as a treasury reserve asset rather than just an investment.
Analysts believe Metaplanet’s aggressive strategy could spark a ripple effect across Asia, especially with Japan’s supportive regulatory environment. While still far behind MicroStrategy’s 628,946 BTC, Metaplanet is quickly becoming Asia’s standout corporate Bitcoin holder.
With the Fed expected to cut rates in September, the timing of these buys is also catching market attention. Traders and investors are watching closely to see if this bold play will push more Asian firms to follow suit.
#BTC
The company spent roughly 114.3 billion yen ($775M) on this purchase, with each coin costing around $120K on average. That’s above the market value of about $115.6K when the filing was made, showing just how committed they are to their long-term strategy.
This isn’t a one-off. Earlier this month, Metaplanet picked up 463 BTC on Aug. 4 and 518 BTC on Aug. 12, signaling a steady accumulation pattern. Their approach mirrors MicroStrategy in the U.S., positioning Bitcoin as a treasury reserve asset rather than just an investment.
Analysts believe Metaplanet’s aggressive strategy could spark a ripple effect across Asia, especially with Japan’s supportive regulatory environment. While still far behind MicroStrategy’s 628,946 BTC, Metaplanet is quickly becoming Asia’s standout corporate Bitcoin holder.
With the Fed expected to cut rates in September, the timing of these buys is also catching market attention. Traders and investors are watching closely to see if this bold play will push more Asian firms to follow suit.
#BTC
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