Metaplanet, ‘Asia’s MicroStrategy,’ Boosts Bitcoin Holdings to 400 BTC

• Metaplanet boosts Bitcoin holdings to 400 BTC through strategic stock option exercises.
• Partnership with SBI VC Trade enhances Metaplanet’s Bitcoin trading and custody operations.
• Metaplanet continues aggressive Bitcoin investments, reflecting strong long-term confidence.

Metaplanet, a publicly traded Japanese company often dubbed “Asia’s MicroStrategy,” has reinforced its commitment to Bitcoin. On Tuesday, the company revealed it had purchased an additional ¥300 million worth of Bitcoin, raising its total holdings to around 400 BTC.

The latest purchase was funded through the exercise of stock acquisition rights by Metaplanet’s management team. The company had previously indicated its intent to use these funds for further Bitcoin investment.

Specifically, the exercise raised ¥229.7 million, which was directed towards the purchase of additional Bitcoin. This move reflected the management’s certainty in Bitcoin as a valuable long-term asset.

Read also: Japanese Company Metaplanet Boosts Bitcoin Holdings to $9.6 Million

Additionally, Metaplanet has disclosed through an official announcement on social media platform X that it has gained another 38.46 BTC, paying an average of 7.79 million yen per Bitcoin. This purchase continues the company’s trend of acquiring Bitcoin over the past few months.

*Metaplanet purchases additional 38.46 $BTC* pic.twitter.com/vdnRt8O07c

— Metaplanet Inc. (@Metaplanet_JP)
September 10, 2024

Past Investments and Strategic Partnerships

Earlier this year, the company purchased top crypto assets amounting to ¥500 million. In June, Metaplanet also acquired $7 million worth of Bitcoin through bond sales, further cementing its position as a player in the crypto market.

Beyond direct Bitcoin acquisitions, Metaplanet has established financial partnerships to bolster its cryptocurrency operations. Earlier this month, the company unveiled a collaboration with SBI VC Trade.

This alliance is centered on improving Metaplanet’s Bitcoin trading and custody services, providing legal corporate custody solutions, and exploring the use of Bitcoin as collateral for financing. 

Read also: Japanese Financial Giant SBI Backs Metaplanet’s Bitcoin Push

SBI VC Trade will provide Metaplanet with trading, storage, and operational support. The collaboration also includes benefits like tax exemption services for long-term corporate crypto holdings.

As of the press time, Bitcoin was priced at $57,107.12, recording an increase of 4.13% over the previous day. Moreover, Bitcoin’s market cap stood at approximately $1.13 trillion, maintaining its position as the top-ranked crypto asset by market capitalization.

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