Metaplanet Expands Bitcoin Holdings With $93M Purchase š
Metaplanet, the Tokyo-listed firm often called āAsiaās MicroStrategy,ā has doubled down on its Bitcoin strategy. On August 18, the company announced it had acquired 775 BTC for $93 million at an average price of $120,006 per coin.
This latest buy brings Metaplanetās holdings to 18,888 BTC ā now worth nearly $2B, even as Bitcoin recently slipped below the $115K support. The move highlights Metaplanetās strong conviction in Bitcoinās long-term value.
What stands out is the companyās rock-solid balance sheet:
$BTC reserves: $2.18B
Outstanding bonds: just $117M
š A 18:1 BTC-to-debt ratio.
Backed by a sharp Ā„11.1B ($75M) Q2 profit and 41% revenue growth, Metaplanet is not only financially stable but also positioning itself as one of the boldest corporate adopters of Bitcoin in Asia.
While MicroStrategy dominates headlines in the U.S., Metaplanetās strategy could reshape corporate treasury trends across Japan and Asia, where institutions have been slower to adopt.
Investors have taken notice tooāMetaplanetās stock is climbing, increasingly seen as a direct Bitcoin proxy on the Tokyo exchange.
With nearly $2B in BTC secured, Metaplanet is sending a clear message: Asia is stepping up in the Bitcoin game. šš°
