Metaplanet continues to strengthen its position as the largest corporate Bitcoin holder in Asia, raising its reserves to 3,350 BTC.
Metaplanet’s Expanding Bitcoin Holdings
Metaplanet recently acquired another 150 BTC worth $12.6 million, bringing its total reserves to 3,350 BTC. The company's total investment in Bitcoin now stands at $292.8 million. According to BitcoinTreasuries.net, Metaplanet ranks as the 10th largest public Bitcoin holder globally, trailing Michael Saylor’s MicroStrategy, which owns nearly 500,000 BTC. However, in Asia, Metaplanet is leading, marking an important milestone for institutional Bitcoin adoption in the region.
Strategic Expansion and Leadership Moves
Metaplanet's Bitcoin strategy took an unexpected turn last week when Eric Trump joined its Strategic Board of Advisors. According to CEO Simon Gerovich, Trump's business expertise and passion for Bitcoin will help strengthen Metaplanet's position. This appointment may align Metaplanet with pro-Bitcoin policies, especially amidst potential Trump presidential campaign scenarios in 2024.
Bitcoin Yield
To assess the effectiveness of its strategy, Metaplanet uses the BTC Yield metric. In Q3 2024, BTC Yield was 41.7%, and by Q4 2024, it surged to 309.8%. Since the beginning of 2024, Metaplanet's share price has surged 38.7%.
Metaplanet remains a significant player in the Bitcoin market, and its growing influence in the digital asset space suggests ongoing expansion.
