Japan’s Metaplanet has acquired an additional 1,111 Bitcoins, bringing the total number of BTC under the firm’s holdings to 11,111 Bitcoins.
Interestingly, the hefty purchase comes at a time when the price of Bitcoin has seen a slight slump mainly due to geopolitical tensions, regulatory uncertainties, and dampened investor sentiments.
At the press time, the OG-crypto is trading at $101,965.10, down 0.94% as compared to the same time last day.
Metaplanet’s Total Bitcoin Holdings Hit $1 Billion
With the current purchase, Metaplanet’s Bitcoin holdings have hit a whopping $1 billion with $95,869 as the average cost of buying basis per coin.
Metaplanet’s move to continuously buying Bitcoin’s demonstrates the firm’s confidence and belief in Bitcoin’s value as a hedge against inflation.
The move also strengthens the firm’s goal of becoming the MicroStrategy of Asia. Since December 2024, Metaplanet’s total stockpile of the OG-crypto has increased by almost 28 times.
Also Read: Metaplanet Unveils $5.4 Billion Equity Financing Initiative Aimed at Acquiring 210K Bitcoin By 2027
Metaplanet Uses Equity Financing and Bond Issuance to Buy Bitcoin
Time and again, Metaplanet has used various methods to keep financing its Bitcoin ourchase.
The company recently launched the largest Bitcoin-specific fund offering in Asia, a colossal ¥770.9 billion ($5.4 billion) equity financing initiative solely focused on Bitcoin acquisition.
With a defined and ambitious long-term goal, Metaplanet hopes to hold 100,000 Bitcoin by the end of 2026 and 210,000 by the end of 2027.
If accomplished, this would be a significant strategic and symbolic milestone for Metaplanet, giving it ownership over roughly 1% of all Bitcoin that will ever exist.
The objective represents a daring wager on Bitcoin’s place in the financial industry’s future in addition to a significant business shift toward digital assets.
Also Read: Metaplanet Raises $21M via Zero-Interest Bonds to Advance Bitcoin Strategy
Metaplanet Emerges as Japan’s Most Sought After Stock
Intrestingly, with the growing hype of Bitcoin, Metaplanet has become one of the most bought stocks in Japan.
As UnoCrypto reported earlier, individuals in Japan as using the nation’s Nippon Individual Savings Account (NISA) program to buy Metaplanet stock, a Bitcoin-focused Japanese investing firm, pushing it to the first position.
This increase in popularity demonstrates how Bitcoin is becoming more and more popular in Japan as an alternative asset, particularly among retail investors seeking tax-efficient ways to get into the cryptocurrency market.
Because of its main treasury asset acquisition and holding strategy, Metaplanet has become a stand-in for Bitcoin exposure in the conventional equities market.
The action also reflects a change in investor opinion in Japan, where supportive policies and clear regulations have promoted the widespread use of digital assets.