By Key Points
- Japanese firm Metaplanet makes its biggest Bitcoin buy, acquiring 620 BTC.
- This $60M investment brings its total Bitcoin holdings to 1,762 BTC.
- The firm reports a 310% BTC yield from October to December 2024.
- Plans to formalize Bitcoin management as a core business strategy.
Metaplanet Bitcoin Buy has captured headlines as the Japanese investment firm secures its largest-ever Bitcoin purchase. By acquiring 620 BTC worth nearly $60 million, Metaplanet has further solidified its reputation as a top corporate Bitcoin holder in Asia.
This bold move reflects the company’s growing confidence in cryptocurrency as a long-term asset, especially as Bitcoin trades below $100,000.
Since beginning its Bitcoin acquisitions in May 2024, Metaplanet has progressively increased its crypto holdings. This latest purchase quadruples its previous record buy of 159.7 BTC in October and raises its total holdings to 1,762 BTC, currently valued at around $168 million.
⚡️JUST IN: 🇯🇵Metaplanet just bought additional 620 Bitcoin for ¥9.5 billion ($60 million) pic.twitter.com/Vz8aVagsBl
— Satoshi Sniper (@SatoshiSniper_) December 23, 2024
Expanding Bitcoin as a Core Business Strategy
Metaplanet’s Bitcoin buy is part of a broader shift in its business strategy. The firm reported a 310% BTC yield from October to December 2024, a sharp increase compared to the 41.7% yield in the previous quarter.
This metric underscores the effectiveness of its Bitcoin acquisition approach, which it describes as “accretive to shareholders.”
Beyond purchases, Metaplanet plans to formalize Bitcoin accumulation and management as a dedicated business line. The firm is exploring financial instruments like loans, equity, and convertible bonds tied to Bitcoin to expand its market footprint.
By doing so, Metaplanet positions itself as a leader in integrating cryptocurrency into traditional corporate finance.
To support these ambitions, the company launched a $62M stock acquisition program in late November, aimed at further boosting its Bitcoin reserves.
Metaplanet’s Financial Surge and Market Impact
Metaplanet’s focus on Bitcoin has fueled its financial turnaround. The firm expects to report its first operating profit since 2017, citing its Bitcoin-centric strategy as a key driver.
Meanwhile, its stock price has soared over 2,100% in 2024, reaching an all-time high of ¥4,080 ($26) in mid-December.
While there was a slight dip in its stock price recently, confidence in the company’s Bitcoin vision remains strong. Metaplanet’s strategic purchases have made it Asia’s second-largest corporate Bitcoin holder, ranking 12th globally.
These achievements highlight the transformative potential of cryptocurrencies for forward-thinking corporations.
As the global Bitcoin market evolves, Metaplanet Bitcoin Buy initiatives are likely to set a benchmark for other companies looking to integrate digital assets into their operations.
