In short
- Chinese investment firm Metaplanet has scooped up 330 online cash.
- The Tokyo Stock Exchange-listed company then has 4,855 BTC, now fair over$ 422 million.
- Since the company started buying Cryptocurrency in 2024, its stock has risen in value by over 1,200 %.
Japanese investment firm Metaplanet said Monday that it had bought more Bitcoin, this time scooping up 330 digital coins worth over$ 28 million.
The Tokyo Stock Exchange-listed company then has 4,855 BTC, now fair over$ 422 million.
Metaplanet CEO Simon Gerovich said on X that the firm, which also has a lodge firm, had spent$ 414. 5 million buying its crypto, at an average price of$ 85,386 per Bitcoin.
The Tokyo-listed company —sometimes called” Asia’s MicroStrategy” —started buying Bitcoin last year, following a similar path to the publicly traded American software firm that pivoted from software development to accumulate bitcoin. Both companies have today rebranded themselves as Bitcoin bonds that give buyers exposure to the biggest crypto via its publicly-traded stocks.
Bitcoin was just changing hands at about$ 87,200, up 2. 8 % over the past 24 hours, according to crypto data provider CoinGecko. BTC is up almost 35 % over the past year.
Eight days earlier, Metaplanet boosted its Bitcoin investments with a new 3. 78 billion japanese ($ 26. 3 million ) order. The Japanese company has said that its program is about not just about “embracing digital property, but also about pioneering a future where funding meets technology at its base. “
Strategy—formely MicroStrategy —holds 538,000 BTC, making it the largest corporate holder of the asset. On Monday, Strategy announced that it had added$ 555 million in Bitcoin, sending its total holdings to over$ 47 billion. It started buying bitcoins in 2020.
Today, other companies are following suit in a bet to increase their inventory value—with smaller firms on the Nasdaq putting Bitcoin and other cryptocurrencies on their balance sheets.
But Metaplanet’s stock was down Monday—by nearly 1%—following the announcement. Since the company started buying Cryptocurrency in 2024, its stock has risen in value by over 1,200 %.
Next month, Metaplanet appointed Eric Trump, brother of the U. S. leader, to its recently formed Strategic Advisory Board, citing his “business expertise and passion for Bitcoin. “
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