The Japanese company Metaplanet has added another 150 bitcoins to its holdings, bolstering its position as the largest corporate BTC holder in Asia.
New Purchase and Its Implications
On March 18, 2025, Metaplanet made another significant bitcoin purchase, adding 150 BTC to its portfolio. The acquisition cost the company 1.88 billion yen ($12.6 million), priced at $83,671 per bitcoin. Despite this acquisition bringing Metaplanet's total bitcoin holdings to 3,200 BTC, the company's stock price fell 0.5% on the day.
Metaplanet's Financial Status
To fund its bitcoin purchases, Metaplanet has issued over 44 million common shares, earning the nickname 'Asia's MicroStrategy.' The company's BTC yield for the first quarter of 2025 was 60.8%, down from the previous quarter's 310%.
Cryptocurrency Market in Japan
As Japan shows a softening stance toward digital assets, interest in cryptocurrencies is on the rise. The ruling party has taken measures to reduce crypto capital gains taxes by 20%. Meanwhile, lawmaker Satoshi Hamada proposed creating a strategic Bitcoin reserve, to which Prime Minister Shigeru Ishiba said Japan needs more information on other countries' plans before expressing its views.
Strong support for digital assets in Japan could significantly impact the growth of interest in cryptocurrencies, with companies like Metaplanet at the forefront of this movement.
