Metaplanet Expands Its Bitcoin Holdings with a $13.3 Million Purchase, Bringing Its Total BTC Stash to 4,206 Coins

This move strengthens Metaplanet's position as the largest Bitcoin holder in Asia and the 9th-largest corporate holder globally.

Japanese firm Metaplanet, often referred to as “Asia's MicroStrategy,” has reportedly made a significant move by purchasing additional Bitcoin for a total of $13.3 million.

This latest purchase, which took place on Wednesday, saw the company pick up 160 BTC at an average price of $83,264 each. The latest purchase brings Metaplanet's total Bitcoin stash to 4,206 BTC, valued at approximately $356.2 million.

This latest move strengthens Metaplanet's position as the largest Bitcoin holder in Asia and the 9th-largest corporate holder globally, according to data from BitcoinTreasuries.net.

The company's strategic focus on Bitcoin has led to rapid expansion of its digital asset treasury in recent months.

Earlier this year, Metaplanet unveiled plans to increase its Bitcoin holdings fivefold by the end of 2025, aiming to expand to 10,000 BTC through strategic capital market tools and partnerships.

"Our goal is to become the leading Bitcoin treasury organisation in Asia. We remain fully focused on execution, ensuring we deliver maximum value to our shareholders," said CEO Simon Gerovich.

This latest purchase is part of Metaplanet's broader goal to promote Bitcoin adoption in Japan and across the globe.

The company's executives believe that Bitcoin's long-term potential outclasses short-term market fluctuations, leading them to position themselves to benefit from future gains in the cryptocurrency market.