MetaPlanet Expands Bitcoin Holdings, Surpassing 1,000 BTC

The Tokyo-based firm follows MicroStrategy's lead, strengthening its position as a major corporate Bitcoin holder in Asia.

MetaPlanet has recently acquired an additional 156.783 BTC for approximately $10.4 million, bringing its total holdings to over 1,018 BTC.
The company's strategy mirrors that of MicroStrategy, viewing Bitcoin as a long-term asset to enhance shareholder value.
MetaPlanet's Bitcoin acquisition has driven an 8% increase in its stock price, highlighting investor confidence in its digital asset strategy.
The firm has spent over $62.8 million on Bitcoin since April 2024, with an average purchase price of $61,663 per BTC.
MetaPlanet employs risk management tactics like selling put options to potentially acquire more Bitcoin at lower prices if the market declines.