#MetaplanetBTCPurchase Japanese investment firm Metaplanet has been actively increasing its Bitcoin holdings as part of a broader treasury strategy.

In June 2024, Metaplanet purchased approximately $1.6 million worth of Bitcoin, bringing its total holdings to 141 BTC, valued at about $9.4 million at the time. This announcement led to a nearly 10% surge in the company’s stock price. 

Subsequently, in July 2024, the firm acquired an additional $1.2 million in Bitcoin, adding over 20.2 BTC to its reserves. This move was part of a previously announced plan to invest an additional $6 million into Bitcoin, aiming to bolster its cryptocurrency holdings. 

Metaplanet’s strategy mirrors that of U.S.-based MicroStrategy, known for its significant Bitcoin acquisitions. The Japanese company views Bitcoin as a hedge against currency volatility and Japan’s high debt levels, positioning it as a long-term reserve asset.