Metaplanet Inc., the biggest corporate owner of Bitcoin in Asia, has added 1,004 more BTC to its accounts. The buying transaction was valued at 104 million dollars, and each Bitcoin was purchased for JP¥15,134,304 (around $104,180).
As a result, Metaplanet now holds 7,800 BTC with a worth of over $800 million. Just days ago, the firm celebrated its best financial performance yet in Q1 of the fiscal year 2025.
Now, as a result of acquiring Bitcoin, Metaplanet holds the 10th most Bitcoin reserves among publicly traded companies in the world, according to Bitcoin Treasuries. It’s currently worth more than El Salvador’s national treasury, which holds 6,181 BTC. According to the company, achieving 10,000 BTC is their target by 2025.
After following Michael Saylor’s example, Metaplanet began purchasing a large amount of Bitcoin in April 2024. The firm, located in Tokyo, still focuses on Bitcoin as it tries to increase long-term benefits for its shareholders.
The company revealed outstanding results in Q1 FY2025, as quarterly revenue climbed to JP¥877 million ($6 million). The report revealed that most of the growth was due to the company’s involvement in Bitcoin.
Metaplanet has generated a return of 170% on its Bitcoin investments, and to date, it holds 2,996 BTC. The firm is now the sole publicly traded business in Japan that provides legal exposure to Bitcoin.
Metaplanet explained in its earnings report that instead of setting goals to feel secure, they are set to be surpassed ceremonially, again and again.
With its goal to keep 10,000 BTC and produce good numbers, Metaplanet has become dominant among major Bitcoin holders in Asia and around the world.
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