Metaplanet Inc., a Tokyo-listed company, has acquired an additional 780 Bitcoin, worth approximately $93 million, according to a corporate disclosure on July 28.
This brings the firm’s total holdings to 17,132 BTC, positioning it among the top 10 corporate holders of Bitcoin globally. The newly acquired coins were purchased at an average price of ¥17.5 million (≈ $118,000) per BTC, totaling ¥13.24 billion.
Japanese firm doubles down on Bitcoin
Metaplanet’s aggressive accumulation strategy echoes that of MicroStrategy, the U.S.-based firm known for its outsized Bitcoin treasury. However, this move takes on added significance in Japan, where corporate exposure to crypto is still relatively rare.
With this latest purchase, Metaplanet’s BTC holdings now exceed $2 billion in market value, making it the largest public Bitcoin holder in Asia and seventh largest globally, according to data from Bitcointreasuries.net.
Market response and strategic intent
Despite the bullish move, shares of Metaplanet traded lower after the announcement. Analysts suggest the stock decline may reflect concerns over volatility rather than skepticism about Bitcoin’s long-term potential.
A company spokesperson said the acquisition is part of “a broader strategic vision to position Metaplanet as a financial innovator,” signaling that further BTC purchases remain on the table.
A signal to Japan’s corporate sector?
Metaplanet’s continued BTC accumulation may act as a catalyst for other Japanese companies exploring digital assets amid ongoing yen devaluation and global inflation concerns. As traditional treasuries face mounting pressure, Bitcoin is increasingly viewed as a non-sovereign store of value and strategic asset.
Sources: Coindesk, Crypto.news, Tokyo Stock Exchange filings, Bitcointreasuries.net
