Japanese investment firm Metaplanet has bolstered its Bitcoin reserves with an additional $28 million purchase, pushing its total holdings to over $400 million.
The company disclosed that it acquired 500 more BTC, raising its total stash to approximately 2,350 BTC. This move reinforces Metaplanet’s aggressive Bitcoin strategy, which mirrors that of U.S.-based MicroStrategy, long known for its corporate crypto accumulation.
Metaplanet’s most recent acquisition took place as Bitcoin trades around $60,000, signaling the firm’s confidence in the digital asset despite market volatility and ongoing global regulatory scrutiny.
This significant increase in Bitcoin exposure marks a broader strategic shift by Metaplanet, which has positioned itself as a leader in digital asset adoption among Japanese firms. The company said it views Bitcoin as a hedge against both inflation and currency depreciation.
Analysts suggest Metaplanet’s commitment may inspire similar moves by other Asian corporations as institutional adoption continues to gain momentum. The firm has not disclosed whether it plans further purchases but has consistently communicated a long-term bullish stance on Bitcoin.
With this latest acquisition, Metaplanet is now one of the largest public Bitcoin holders in Asia.
