Metaplanet’s Six-Month Bitcoin Blitz Pushes Holdings Beyond 1,000 BTC

Key Takeaways

• Metaplanet has become one of Asia’s largest corporate Bitcoin holders.
• The firm’s investment approach has yielded significant profits over the last two quarters.
• Metaplanet’s stock price has surged 300% since April, outperforming Bitcoin in many instances.

Japanese investment firm Metaplanet now boasts a strong treasury of 1,000 Bitcoin (BTC) just six months after starting its accumulation journey in April.

The milestone cements Metaplanet’s status as Asia’s MicroStrategy as the investment firm continues its aggressive Bitcoin shopping spree.

Metaplanet Hits 1,000 BTC Milestone

On Oct. 28, Metaplanet became one of the largest corporate Bitcoin holders in Asia after it added another 156.8 BTC to its stash.

Metaplanet’s Bitcoin portfolio, valued at 9.622 billion yen ($62 million), has been built over the past six months through a series of strategic purchases.

Unlike MicroStrategy, which has made headlines with its large-scale Bitcoin buys , Metaplanet has adopted a more disciplined approach, investing in BTC every other week since April.

The firm’s 17 purchases, made at an average price of $61,628, have helped Metaplanet reap significant profits over the last two quarters.

Metaplanet BTC purchase history. Source: Metaplanet.

This steady approach has also allowed the company to establish a strong track record of Bitcoin yield, with its third-quarter yield standing at 41.7%.

Between Oct. 1 and Oct. 28, the company’s BTC yield surged to 155.8%.

Metaplanet Stock Soars

Metaplanet’s commitment to Bitcoin is mirrored in its stock performance, which has shown remarkable resilience and growth.

The company’s frequent BTC purchases have not only maintained its treasury surplus but also boosted its stock prices , outperforming Bitcoin in many instances.

On Monday, following the news of its BTC purchase, Metaplanet’s stock price soared 7.8%, jumping from 1099 yen to 1,181 yen.

Looking at the company’s six-month performance , Metaplanet’s stock price has risen an impressive 296% since April 30.

While the stock experienced a brief dip, it has largely maintained its upward trajectory, with a notable surge from 290 yen on April 30 to 2,700 by July 24, representing a 930% price increase.

Metaplanet 6-month stock price. Source: Google.

Metaplanet’s success has not only cemented its status as a leader in Asia’s crypto market but also underscored the growing appeal of Bitcoin among institutional investors.

As the global economy continues to navigate uncertainty, firms like Metaplanet are increasingly turning to digital assets as a hedge against inflation and market volatility.