Asia\'s MicroStrategy\' Boosts Bitcoin Holdings, Triggers 25% Surge in Share Price

Metaplanet, a prominent publicly-listed investment and consulting firm headquartered in Japan, has significantly boosted its Bitcoin [BTC] holdings.

Prominent Japanese investment and consulting firm Metaplanet has boosted its Bitcoin (BTC) holdings once again.

According to a recent filing, Metaplanet acquired an additional 21.88 BTC, valued at over $1.2 million (around 200 million Japanese yen) at the time of purchase. This brings the company’s total disclosed BTC holdings to 247.25 BTC.

Metaplanet, often referred to as "Asia's MicroStrategy" for its tendency to follow MicroStrategy's investment strategies, is known for financing its Bitcoin purchases through bond sales, highlighting the growing institutional adoption of BTC.

On 16 July, Metaplanet increased its Bitcoin holdings to over 225 BTC, valued at approximately $14.55 million at current prices.

Furthermore, Metaplanet's recent announcement of expanding its BTC holdings has led to a remarkable surge in its share price, with the stock soaring by an impressive 25.81% to reach 117 JPY. This surge reflects investor confidence in the firm's strategic adoption of Bitcoin, which has pushed its stock up by an astounding 631% since the year began.

no institutional Bitcoin adoption

As of the latest update, Metaplanet's current market capitalization stands at 17.5 billion JPY, with its BTC holdings valued at 2.25 billion JPY on its balance sheet. As BTC's proportion in its total assets continues to rise steadily, analysts speculate it could surpass 100% in the near future, showcasing Metaplanet's bold stance in embracing cryptocurrency as a core part of its investment strategy.

This is further confirmed by CoinGecko's data, which shows that Metaplanet currently ranks as the world's 21st-largest corporate holder of Bitcoin.

The move also highlights Metaplanet's strategy of hedging against Japan's escalating debt crisis and the depreciating yen. With the yen plummeting nearly 54% against the US dollar since January 2021, BTC has emerged as a robust alternative, appreciating by over 145% against the yen in the past year alone.

In conclusion, Metaplanet's strategy reflects a growing trend where institutions are using Bitcoin alongside traditional assets for hedging and diversification.

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