Japan-based investment firm Metaplanet has now acquired over 1,000 Bitcoin, marking its position as one of the largest corporate holders of the digital asset in Asia. The recent purchase of 156.78 BTC has increased its total holdings to 1,018 BTC at an average price of $61,629.
Metaplanet's adoption of Bitcoin as a treasury reserve asset has been strategic, with acquisitions funded by capital market activities and operational income. With the latest purchase, Metaplanet surpasses another major Asian firm, Meitu Inc., increasing its BTC dominance in the market.
According to Arkham Intelligence, Metaplanet is now ranked 15th among publicly traded companies with significant BTC reserves, with MicroStrategy leading the list. The recent price surge in Bitcoin has resulted in an unrealized gain of over $6 million for Metaplanet.
The firm's BTC strategy positively impacts its stock price and shareholder value, evidenced by a 7% increase after the announcement. The "BTC yield" KPI reflects this growth, showing a 155.8% increase between October 1 and October 28, demonstrating the effectiveness of Metaplanet's approach.
