The firm made the purchase on December 23 while Bitcoin was trading at around US$96,000—below the cryptocurrency’s peak of US$108,000.
This is Metaplanet’s largest single purchase since beginning Bitcoin acquisitions in May—nearly quadrupling the firm’s previous record buy of 159.7 BTC in October.
Metaplanet now holds 1,762 BTC valued at about US$168 million, with an average purchase price of US$75,600 per Bitcoin.
*Metaplanet purchases additional 619.70 BTC* pic.twitter.com/5npflMJ3kW
— Metaplanet Inc. (@Metaplanet_JP) December 23, 2024
The Tokyo-based company — dubbed “Asia’s MicroStrategy” — reported a 310% BTC yield for October through December 23, up from 41.7% in the previous quarter. The purchase makes Metaplanet the 12th-largest public company Bitcoin holder, following medical tech company Semler Scientific.
Metaplanet plans to expand beyond treasury purchases, establishing Bitcoin accumulation as a formal business line including loans and other financial instruments. The firm recently announced plans to raise US$62 million through stock sales for additional Bitcoin purchases.
While Metaplanet’s stock dropped 13% over the past week, shares have surged over 2,100% this year, reaching an all-time high of 4,080 yen (US$26) on December 17.
The company expects to record its first operating profit since 2017, marking a significant turnaround driven by its Bitcoin strategy.
This institutional buying activity could signal growing corporate interest in Bitcoin investment among Asian companies, potentially influencing regional market dynamics.
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