CDS Crypto News Crypto Move: Metaplanet’s Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange’s First Investor
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Crypto Move: Metaplanet’s Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange’s First Investor

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Crypto Move: Metaplanet's Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange's First Investor

Crypto Move: Metaplanet’s Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange’s First Investor

Japan-based company Metaplanet has expanded its Bitcoin holdings, as disclosed in a statement on the social media platform X on May 10.

The company revealed that it purchased 19.87 BTC on April 23 at an average price of 10.06 million yen, equivalent to $64,664 each. This acquisition amounted to 200 million yen, approximately $1.28 million.

With this addition, Metaplanet’s total Bitcoin holdings now stand at around 117.72 BTC, valued at 1.2 billion JPY or $7.7 million.

On April 8, Metaplanet made a strategic decision to include Bitcoin as a core treasury asset, allocating ¥1 billion, approximately $6.56 million, to the leading digital asset, marking a significant shift in its financial approach.

Shortly thereafter, the company fulfilled its commitment by purchasing 97.85 Bitcoin for 1 billion Japanese yen on April 24. The company emphasized that its investment was not only about embracing digital assets but also about pioneering a future where finance intersects with innovation at its core.

Furthermore, Metaplanet appointed Dylan LeClair, a strong advocate for Bitcoin, as its Director of Bitcoin Strategy. In this capacity, Dylan will spearhead the company’s corporate Bitcoin strategy to acquire more Bitcoin in line with its vision.

Metaplanet, a Japanese publicly traded company offering hospitality and technology-related services, has become the first publicly traded company on the Tokyo Stock Exchange to invest in BTC.

According to data from Yahoo Finance, Metaplanet’s stock price rose by 3% to 30 yen following the announcement of its Bitcoin acquisition.

Dubbed the ‘MicroStrategy of Asia’, the company’s Bitcoin acquisitions have made it a major player in the region.

MicroStrategy, the largest public holder of Bitcoin, currently holds more than 200,000 BTC, valued at over $13 billion. The software company has consistently added to its Bitcoin holdings as part of its efforts to fortify its balance sheet.

Recently, MicroStrategy’s chairman, Michael Saylor, emphasized that Bitcoin was “the Best Alternative Investment.

Crypto Move: Metaplanet's Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange's First Investor
Crypto Move: Metaplanet's Bitcoin Holdings Surge, Becomes Tokyo Stock Exchange's First Investor 1

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