Metaplanet, the Japanese Company Called 'Asia's MicroStrategy,' Buys More Bitcoin

Metaplanet, a Japanese publicly traded company often referred to as “Asia’s MicroStrategy,” has purchased an additional ¥300 million worth of Bitcoin,

Japanese publicly traded company Metaplanet, which is often called “Asia’s MicroStrategy,” has bought another ¥300 million worth of Bitcoin, the company said in an announcement on Tuesday. The new acquisition brings its total holdings to around 400 BTC, which is currently valued at about $22.5 million.

Announced Monday that its management team will exercise the 11th series of stock acquisition rights, allowing executives to buy shares of the company’s stock at a set price.

The funds raised from this exercise, which total 229.7 million yen, will be used to buy Bitcoin, the company said before. The management team thinks that Bitcoin will still be a valuable asset.

Despite the downturn in the Bitcoin market, Metaplanet continues to use Bitcoin as a treasury reserve asset, aiming to provide domestic investors with exposure to Bitcoin and capitalize on favorable tax treatment.

Earlier this month, Metaplanet partnered with SBI Group’s crypto investment arm, SBI VC Trade, to enhance its Bitcoin trading and custody services. The collaboration focuses on access to compliant corporate custody services, tax efficiency, and the use of Bitcoin as collateral for financing.

SBI will assist Metaplanet with trading, storage, and operational support, focusing on Bitcoin’s unique value as a non-political financial asset. “Asian MicroStrategy” also benefits from SBI’s tax exemption service, which supports long-term corporate crypto holdings.

Metaplanet has generated headlines for its consistent Bitcoin accumulations. The firm’s investment strategy mirrors that of MicroStrategy, viewing Bitcoin as a strategic hedge against the yen depreciation and Japan’s high government debt.

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