Metaplanet, a Japanese firm, has become the largest corporate holder of Bitcoin in Asia, following its latest purchase of 497 BTC at around $88,448 per coin. This investment of nearly $44 million brings the company’s total Bitcoin stash to 2,888 BTC, worth over $251 million, as of press time.

Market Impact and Corporate Bitcoin Holdings

The Japanese firm took advantage of the market dip, buying Bitcoin as its price dropped over 8% on March 4 due to concerns about a potential trade war and fresh tariffs from the U.S. This move has led to Metaplanet dethroning Chinese gaming firm Boyaa Interactive International, which currently holds 2410 BTC, as Asia’s largest corporate Bitcoin holder. Globally, Metaplanet now ranks as the 12th-largest corporate Bitcoin holder.

Investors have responded positively to Metaplanet’s move, with the company’s stock soaring 20.93% on the Tokyo Stock Exchange, reaching 4,045 yen by 3:16 PM local time on March 5. Despite some volatility last week, Metaplanet’s stock remains one of the best performers, boasting gains of over 1,700% on a yearly timeframe.

Aggressive Accumulation Strategy

This marks Metaplanet’s second Bitcoin purchase for the week, following its acquisition of 156 BTC at an average price of $85,483 per coin on March 3. Since the start of the year, the company has acquired a total of 794.5 BTC, in line with its aggressive accumulation strategy inspired by Michael Saylor’s approach.

Metaplanet’s year-to-date Bitcoin yield now stands at 45%, according to CEO Simon Gerovich. The company aims to stash 21,000 BTC by 2026.

Funding Bitcoin Acquisitions

To fuel its Bitcoin acquisition spree, Metaplanet has been actively raising capital through bond issuances. The firm recently sold 4 billion yen (roughly $26.4 million) in zero-coupon bonds in February, followed by another 2 billion yen ( roughly $13.2 million) bond issuance on Feb. 27 under its 7th Series of Ordinary Bonds, set to mature in August 2025.

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Disclaimer: The information provided is for general informational purposes only and should not be considered as investment advice.

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