- Metaplanet Inc., a Tokyo-based investment firm, is Asia’s largest publicly traded Bitcoin treasury firm.
- The company’s aggressive bitcoin accumulation has made it the 11th-largest public company by bitcoin holdings globally.
- Metaplanet has now acquired 1,088 Bitcoin expanding to 8,888 BTC.
Tokyo-listed Metaplanet has announced the purchase of 1,088 more Bitcoin (BTC), via the company’s official X profile, increasing total holdings to 8,888 BTC.
The company plans to deepen its transition into a Bitcoin focused corporate strategy. Just last week, the company announced they would issue a $50 million private placement of zero-interest bonds to be able to buy Bitcoin.
The latest purchase was made at an average price of 15.5 million yen (approximately $108,600) per Bitcoin, totaling 16.89 billion yen (about $118 million).
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Metaplanet, originally a budget hotel operator, has rebranded itself as a Bitcoin-centric investment vehicle since adopting a “Bitcoin-first” treasury model in 2024.
The strategy has drawn significant market attention, with the company’s stock surging amid growing investor interest.
Metaplanet’s CEO Simon Gerovich speaking at a recent interview said, “Metaplanet has become Japan’s most shorted stock.”
“Betting against Metaplanet is like betting against Bitcoin.”
The company’s aggressive pivot mirrors that of U.S.-based MicroStrategy, positioning itself as a major institutional holder of Bitcoin in Asia.
Metaplanet’s cumulative Bitcoin holdings are now valued at nearly $965 million based on current market prices.
