Tokyo-based Metaplanet is taking significant steps to increase its Bitcoin assets by issuing high-value bonds.
Metaplanet's Bitcoin Holdings Expansion
Metaplanet has accelerated its Bitcoin acquisitions in recent months. According to the company's latest announcement, its current Bitcoin holdings have reached 1,018 BTC, valued at approximately $93.5 million at current market prices. This positions Metaplanet as one of the largest institutional Bitcoin investors in Asia.
Company's Financial Strategy
Last month, the company raised 10 billion Japanese yen ($66 million) through exercising stock purchase rights. This funding has bolstered the company's financial strength and paved the way for further Bitcoin acquisitions. The company’s stock has gained an impressive 1,146% on the Tokyo Stock Exchange since the beginning of the year.
Bitcoin Market Competition
Metaplanet’s Bitcoin purchases are drawing global attention, positioning the company in comparison with MicroStrategy, currently the largest corporate Bitcoin investor with 279,420 BTC, and Marathon Digital, holding 27,562 BTC. Increasing its Bitcoin investments is part of Metaplanet’s growth strategy to maintain a competitive edge in the market.
Metaplanet continues actively expanding its Bitcoin holdings, solidifying its position among leading institutional investors in the field.
