Metaplanet Goes Big on Bitcoin: $1.3B Treasury Now Holds 1,234 BTC After Latest Mega-Purchase
Another corporate whale dives deeper into crypto waters.
Metaplanet just dropped ¥20 billion (or about $1.3 billion) on 1,234 Bitcoin—pushing their total holdings into 'nation-state reserve' territory. The Tokyo-listed firm's balance sheet now looks more like a crypto hedge fund than a traditional company.
Why the aggressive accumulation? Speculation points to Japan's negative interest rates making Bitcoin's volatility look tame by comparison. 'When your currency buys 0.0001% yield annually, gambling on digital gold starts feeling prudent,' quipped one sardonic analyst.
The move follows MicroStrategy's playbook—but with a distinctly Asian twist. While Western firms hedge, Metaplanet goes all-in, treating BTC like a strategic asset rather than a speculative punt.
Market watchers note the purchase coincided with a 7% BTC price dip. Perfect timing or pure luck? Either way, it's another brick in Bitcoin's institutional legitimacy—and another headache for regulators trying to keep crypto contained.
