On September 10, 2024, the Japanese company Metaplanet announced the acquisition of 38.6 Bitcoin for the sum of 300 million yen (approximately 2.2 million dollars). This transaction increased the company's total holdings to 398.8 BTC, valued at approximately 27.6 million dollars.

Metaplanet's Strategy: Bitcoin as a Reserve Asset

Metaplanet, often compared to the US MicroStrategy, adopted a Bitcoin-focused treasury strategy in 2024, considering cryptocurrency a strategic reserve asset. This approach aims to protect against the volatility of the yen and Japan's high public debt.

In August 2024, the company announced its intention to raise 10.08 billion yen to finance additional Bitcoin purchases, part of a broader strategy to allocate funds to cryptocurrency.