Metaplanet Acquires $6.9 Million in Bitcoin, Boosting Holdings to Over 500 BTC

Japanese firm Metaplanet continues its aggressive Bitcoin strategy, now holding 20% of its market cap in BTC.

Metaplanet purchased an additional 107.913 Bitcoin for approximately $6.9 million, funded by a loan from MMXX Ventures.
The firm's total Bitcoin holdings have reached 506.745 BTC, valued at around $32.92 million.
Metaplanet's Bitcoin strategy aims to hedge against yen volatility and Japan's debt burden.
The company's stock has surged 420% since it began its Bitcoin investments in April 2024.
Metaplanet is now the largest corporate Bitcoin holder in Japan, following the example set by U.S.-based MicroStrategy.