Metaplanet Buys Another 1,088 Bitcoin For $117 Million — Now Owns 8,888 BTC

Metaplanet, the Tokyo-listed firm dubbed “Asia’s MicroStrategy,” has boosted its Bitcoin holdings with a fresh 1,088 BTC purchase, as it continues its aggressive strategy to promote Bitcoin adoption across Asia. According to a June 2 announcement, the Japanese investment firm said it acquired the Bitcoin at an average price of $108,400 per coin for a total of $117.5 million. Massive corporate purchases at prices above the $100,000 mark indicate increasing institutional confidence in the current Bitcoin bull cycle. Bitcoin soared to an all-time high of nearly $112,000 on May 22 before retreating to $104,342 at press time, as per data from CoinGecko. With the latest buy, Metaplanet now holds 8,888 Bitcoin, worth roughly $930 million at current prices. The company is now a step closer to its year-end target of 10,000 BTC . Metaplanet’s ambitious Bitcoin accumulation strategy, which began with its official adoption of a Bitcoin treasury policy in April 2024, has pushed the firm to the top spot among corporate BTC holders in Asia and the top ten worldwide. Strategy remains the top Bitcoin holder in the world, with more than 580,250 BTC under its belt. Metaplanet’s latest purchase follows the issuance of $50 million in zero-interest bonds last week, providing additional funds for BTC buys without diluting existing equity. Bold Bitcoin Strategy Metaplanet has leaned heavily into Bitcoin as its core treasury asset amid increasing financial uncertainty, specifically in Japan’s bond markets. In March, the company appointed Eric Trump, son of the U.S. president, to its newly formed Strategic Advisory Board, citing his “business expertise and passion for Bitcoin.” Metaplanet is positioning itself in the mold of Michael Saylor’s software intelligence-turned-Bitcoin development company, Strategy, whose aggressive Bitcoin accumulation strategy has motivated a bevy of other publicly listed firms to follow suit. Interestingly, the Trump administration has launched two separate initiatives: a Strategic Bitcoin Reserve, consisting of confiscated BTC and held as a permanent national asset, and a U.S. Digital Asset Stockpile, which includes other seized crypto with potential for liquidation or strategic use.