Referred to as Japan’s MicroStrategy, Metaplanet aggressively increases its Bitcoin reserves to become Asia's largest corporate holder after purchasing 150 more BTC.
Metaplanet's Expanding Bitcoin Holdings
Metaplanet's latest Bitcoin purchase was at an average price of $83,801 per BTC, increasing its total Bitcoin investment to $292.8 million. Metaplanet is now the 10th largest public Bitcoin holder globally, well behind MicroStrategy with nearly 500,000 BTC.
Strategic Expansion and Leadership Moves
Metaplanet's Bitcoin strategy saw an unexpected turn as Eric Trump, former U.S. President Donald Trump's second son, joined its Strategic Board of Advisors. CEO Simon Gerovich believes Trump's business acumen and passion for Bitcoin will reinforce Metaplanet's position as a leading Bitcoin Treasury company.
Bitcoin Yield and Market Prospects
To evaluate its Bitcoin accumulation strategy, Metaplanet uses the BTC Yield metric. In Q3 2024, BTC Yield was 41.7%, and surged to 309.8% in Q4 2024. Since the start of 2024, Metaplanet’s share price grew by 38.7%, further cementing its significance in the digital asset market.
Metaplanet remains a dominant force in the Bitcoin market, and its trajectory indicates continual expansion of its influence in the digital realm.
