MetaPlanet Boosts Bitcoin Holdings to 6,796 BTC, Solidifying Position as Asia’s Largest Corporate Holder

Japanese-listed firm MetaPlanet Inc. has bought 1,241 more Bitcoins, boosting its total to 6,796 BTC. This marks a 22% jump in its holdings. The company is also raising money through bonds and stock rights to keep growing its Bitcoin investments.

This latest acquisition cost the company approximately ¥18.42 billion (around $118 million) at an average price of ¥14.84 million per BTC. This latest purchase brings its total Bitcoin stash to 6,796 BTC, valued at over ¥90.19 billion. With an average acquisition cost of just ¥13.27 million per coin, MetaPlanet is now Asia’s largest corporate holder of Bitcoin and ranks 11th globally, according to BitcoinTreasuries. With BTC recently pushing above $104,000, MetaPlanet’s strategy seems well-timed.

Outperforming MicroStrategy on Returns

While MicroStrategy is often seen as the leader in corporate Bitcoin adoption, MetaPlanet is catching up quickly and outperforming. The company achieved a 2x return on its Bitcoin position in just three months, whereas MicroStrategy took 19 months to reach similar gains. MetaPlanet’s modified NAV is also growing 3.8x faster, and analysts believe its stock could climb from ¥533 to as high as ¥1,340.

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$25 Million Raise to Buy More Bitcoin

MetaPlanet isn’t slowing down. The company recently announced a plan to raise $25 million to further grow its Bitcoin reserves. Unlike MicroStrategy’s more structured approach, MetaPlanet is betting big and fast on BTC, positioning itself as a high-leverage crypto asset play.

MetaPlanet Stock Jumps 13% 

Investor confidence in MetaPlanet’s aggressive Bitcoin strategy is showing up in its stock performance. Last week, shares of MetaPlanet surged by 13.32%, closing at ¥485. The stock touched a high of ¥502 during the session, driven by optimism over its growing crypto exposure. With a market cap of ¥24.21 billion and a P/E ratio of 25.86, the company is fast gaining recognition as Japan’s top Bitcoin-centric stock.

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