Asia's MicroStrategy Metaplanet Becomes Biggest Corporate BTC Holder in the Region
Asia’s MicroStrategy Metaplanet has now become the biggest corporate holder of BTC in Asia while taking its Bitcoin holdings to more than 1,000
Asia’s MicroStrategy Metaplanet has now become the biggest corporate holder of BTC in the continent after increasing its Bitcoin holdings to over 1,000 in its recent purchase.
Earlier today, the company announced the purchase of an additional 156 BTC for an investment value of $1.6 billion Japanese Yen. Following the news, the stock price surged by 6.06% to 1138 JPY in Aisa’s early trading hours on Monday.
Metaplanet Bitcoin Holdings on the RiseEver since its first entry into the Bitcoin market in May, Metaplanet has been consistently buying the asset at regular intervals. Back in August, Metaplanet secured a 1 billion yen loan from MMXX Ventures Limited to accelerate its Bitcoin buying process. Since then, it has conducted 11 Series of Stock Acquisition Rights with the latest one happening last week wherein it raised a total of 10 billion Yen for buying BTC.
Speaking on the development, company CEO Simon Gerovich said: “Metaplanet now owns more than 1000 BTC making it one of the largest corporate holders of Bitcoin in Asia”.
*Metaplanet purchases additional 156.78 $BTC* pic.twitter.com/4zl2LhXvO6
— Metaplanet Inc. (@Metaplanet_JP) October 28, 2024
Two days ago, the company announced its new performance indicator dubbed the ‘BTC Yield’, in an attempt to follow the best industry practices. The Japanese firm also announced that its ongoing BTC purchases have led to a total of 116% yield this month.
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