Metaplanet makes largest Bitcoin purchase yet
Asia's Metaplanet makes record $60M bitcoin purchase, quadruples holdings
Japanese investment firm Metaplanet, often referred to as “Asia’s MicroStrategy,” has made its largest Bitcoin purchase to date.
The company acquired 619.7 BTC worth nearly $60 million as Bitcoin traded around $96,000, reports Cointelegraph.
Record Bitcoin Purchase and Growing Portfolio
Announced on Dec. 23, Metaplanet’s latest acquisition nearly quadruples its previous record buy of 159.7 BTC in October. The firm now holds 1,762 BTC—valued at $168 million—with an average purchase price of $75,600 per Bitcoin.
The company’s aggressive accumulation strategy places it 12th among publicly traded firms in Bitcoin holdings, trailing Semler Scientific in the medical technology sector.
From October 1 to December 23, Metaplanet reported a 310% BTC yield, significantly outperforming its 41.7% yield in the previous quarter. This metric measures the firm’s Bitcoin acquisition performance, which it says is intended to enhance shareholder value.
New Focus on Bitcoin Management and Profitability
Metaplanet announced plans to formalize Bitcoin accumulation and management as a core business line. It aims to leverage loans, equity, and bonds to acquire and hold additional Bitcoin, shifting beyond a simple treasury strategy.
In November, the company disclosed plans to raise $62 million (9.5 billion JPY) through a stock acquisition program to fuel further Bitcoin purchases.
Additionally, on Dec. 18, Metaplanet projected its first operating profit since 2017, signaling a turnaround driven by its Bitcoin-centric strategy.
Despite its recent announcement, Metaplanet’s stock price jumped 5% but remains down 13% over the past week, according to Google Finance. However, its 2,100% surge in 2023—peaking at 4,080 JPY ($26) on Dec. 17—reflects strong investor confidence in its Bitcoin approach.
Recently we wrote, that Bitcoin’s price trajectory has taken a sharp turn, driven by pivotal macroeconomic shifts and evolving market conditions.
