Tokyo, Japan — Metaplanet, a Japanese investment firm, has bolstered its Bitcoin portfolio with a $10 million purchase (157 billion IDR), pushing its total holdings beyond 1,000 BTC. This strategic move underscores the company’s confidence in Bitcoin’s long-term growth amidst global economic uncertainties.
Key Highlights:
- Recent Purchase: 156.7 BTC (~$16M JPY / 157B IDR), elevating reserves to **1,018 BTC** ($68.8M total value).
- Stellar Returns: Q3 2024 yielded 41.7% gains, soaring to 155.8% in early October.
- Market Response: Shares surged 7.18% post-purchase, with YTD growth exceeding 618%.
CEO Simon Gerovich cited Bitcoin as a hedge against debt and inflation, mirroring MicroStrategy’s aggressive accumulation strategy. Since May 2024, Metaplanet has executed phased BTC acquisitions, funded partly through MMXX Ventures’ loans and equity sales (raising ¥10B JPY).
👉 Why institutional investors are turning to Bitcoin
FAQ
Q: Why is Metaplanet investing heavily in Bitcoin?
A: To hedge against economic volatility and leverage BTC’s appreciating value, as seen in their 155.8% returns this quarter.
Q: How does this impact traditional investors?
A: Metaplanet’s success may encourage other firms to adopt Bitcoin as a treasury asset, signaling broader institutional adoption.
Q: What’s next for Metaplanet’s crypto strategy?
A: Expect continued BTC accumulation and potential diversification into blockchain-based assets.
👉 Explore Bitcoin investment strategies
Metaplanet’s bold bets reflect a growing trend among corporations to embrace digital assets. With Bitcoin’s scarcity and institutional interest, the crypto market could enter a new phase of maturity.