Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. The company, listed on the Tokyo Stock Exchange (3350), is executing a strategic transformation by adopting bitcoin as its primary treasury reserve asset. This move aims to leverage excess cash flow and employ financial strategies such as debt and equity financing to accumulate more bitcoin. Driven by bitcoin’s scarcity and stable monetary policy, Metaplanet’s strategy responds to Japan’s economic challenges, including high government debt, negative interest rates, and a weak yen. The company aims to enhance shareholder value with this bitcoin-centric approach.
Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase
