The Japanese company Metaplanet has purchased an additional 775 BTC for $93 million, bringing its total Bitcoin holdings to 18,888 $BTC . This move further reinforces the company’s Bitcoin treasury strategy.
Bitcoin Accumulation Strategy
Metaplanet executed this transaction at an average price of about $120,000 per BTC, increasing their overall average cost basis to $102,000 per BTC. Despite a slight decline in Bitcoin prices, Chairman Simon Gerovich of #metaplanet asserts that the company remains steadfast in its strategy, viewing Bitcoin as a strategic reserve asset.
The transition of Metaplanet from a hotel chain to a Bitcoin treasury company is a prime example of businesses using BTC as a strategic asset. According to experts, the continuous purchasing of Bitcoin by companies may tighten liquidity, increase short-term volatility, and serve as a hedge against the depreciation of fiat currency.
Risks and Potential
Although accumulating #bitcoin brings many benefits, analysts also point out the main risk is price volatility. If BTC prices fall sharply, it could stress the company's balance sheet. However, Metaplanet continues to remain committed to its strategy, even announcing plans to raise $3.7 billion through stock issuance to purchase more Bitcoin.
Metaplanet's move demonstrates that Bitcoin adoption is spreading globally, especially in Asia, although experts also note that not all companies can easily replicate this model due to regulatory differences and financial challenges. #anhbacong
