Metaplanet, often called 'Japan's MicroStrategy', is aggressively increasing its Bitcoin reserves. The goal is to achieve 21,000 BTC by 2026.
Metaplanet's Growing Bitcoin Assets
The recent purchase of 150 BTC worth $12.6 million brings the company's total reserves to 3,350 BTC. The average purchase price was $83,801 per Bitcoin, making total investments $292.8 million. Metaplanet is Asia's largest Bitcoin holder and ranks as the tenth largest public company holder globally, according to BitcoinTreasuries.net.
Strategic Expansion and Leadership Moves
Last week, Eric Trump, the second son of former U.S. President Donald Trump, joined Metaplanet's Strategic Board of Advisors. CEO Simon Gerovich believes Trump's business acumen and passion for Bitcoin will bolster the company's standing.
Bitcoin Yield Metrics
Metaplanet tracks its Bitcoin accumulation strategy using the BTC Yield metric. For the third quarter of 2024, this was 41.7%, and in the fourth quarter, it surged to 309.8%, indicating aggressive accumulation during a Bitcoin price rally. Since the beginning of 2024, Metaplanet's share price has surged by 38.7%.
Metaplanet continues to expand its influence in the digital asset market, solidifying its position as Asia's largest corporate Bitcoin holder.
