Several companies in Asia are increasing their Bitcoin (BTC) holdings. Among them are Japan's Metaplanet and Hong Kong's HK Asia Holdings.

According to Cointelegraph, on Friday (April 25, 2025) Metaplanet, based in Tokyo, revealed that it has acquired an additional 145 Bitcoin (BTC) for USD 13.4 million or IDR 225 billion.

The increase brought Metaplanet's total Bitcoin holdings to 5,000 BTC.

Metaplanet CEO Simon Gerovich confirmed that the company has reached 50% of its initial target to raise 10,000 BTC by the end of 2025.

It is known that Metaplanet has been active in Bitcoin treasury operations, using bond issuance and Bitcoin income strategies such as selling cash-secured BTC put options to finance its acquisitions.

Since starting its Bitcoin strategy, Metaplanet's stock has surged more than 3,000%. The company intends to hold 21,000 BTC by the end of 2026.

As for HK Asia Holdings, which also announced plans to raise around USD 8.35 million or IDR 140.2 billion by issuing new shares and convertible bonds to potentially purchase more Bitcoin.

According to a filing on April 23, 2025, the company signed a subscription agreement for shares and convertible bonds (CN) after trading hours.

The deal includes the issuance of 3,272,000 new shares at a subscription price of HKD 4.01 per share, along with convertible bonds worth HKD 52.38 million in total principal amount. The newly issued shares will represent approximately 0.82% of the total shares outstanding of HK Asia Holdings.

Although the filing did not mention that HK Asia Holdings intends to use the funds to purchase Bitcoin, several people in the crypto community speculate that the capital increase is expected to fund further Bitcoin acquisitions.

This speculation follows HK Asia's decision in February 2025 to enter the Bitcoin market. After purchasing its first BTC on February 16, 2025, the company doubled its stock price within a day.

On February 20, 2025, HK Asia expanded its holdings by purchasing an additional 7.88 BTC, bringing the total to nearly 9 BTC at an average price of USD 97,021 per coin.

Shares in HK Asia rose about 5.4% on April 24 at the close of the Hong Kong stock market, according to Google Finance.