MicroStrategy isn't the only one: Japan-based Metaplanet Inc. also has a Bitcoin treasury

Michael Saylor, vocal Bitcoin evangelist and Strategy's executive chairman, has drawn the community's attention to another Bitcoin-focused company.

Elon Musk's X post drew attention to a Japan-based company that has been regularly acquiring Bitcoin (BTC) to put it on its balance sheet and pays out a portion of its gains to shareholders.

What happened: As Inc.’s chief executive Simon Gerovich announced on X, the company has purchased another 497 Bitcoins for approximately $43.9 million, paying roughly $88,448 for one Bitcoin in this batch.

Since the beginning of 2025, Metaplanet has achieved Bitcoin yield of 45.1% year-to-date for its shareholders, he added.

As of March 5, the company holds 2,888 BTC which they bought for roughly $240.2 million at $83,172 per one BTC.

"Metaplanet is bringing BTC Yield to Japan," Saylor commented on the post.

Metaplanet is bringing BTC Yield to Japan 🇯🇵 https://t.co/syIBt5yzHd

— Michael Saylor (@michael_saylor) March 6, 2025

Earlier this month, disclosed a Bitcoin acquisition made in late February, which added 156 BTC to its balance sheet.

Prior to that, in the same month, the company bought 269 BTC, as if accelerating its Bitcoin purchases this year.

As for , it has so far paused its regular and large-sized Bitcoin acquisitions.

As of March 2 this year, the company holds 499,096 BTC valued at more than $46 billion in fiat. A $2 billion worth of Bitcoin was acquired last week after Strategy completed its investment offering, raising a record $2 billion from shareholders.

No new Bitcoin purchases have been announced this week yet, raising some concerns among Bitcoiners.

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handles several businesses in Japan, including a mobile game platform and a cryptocurrency exchange.