Thomas Daniels
On April 21, Metaplanet announced the acquisition of 330 Bitcoin (BTC) at an average price of $85,605 per coin. This latest investment brings the firm’s total Bitcoin reserves to 4,855 BTC, valued at approximately $414 million based on current market prices, according to CEO Simon Gerovich.
This development establishes Metaplanet as Asia’s largest corporate Bitcoin holder and the 10th-largest globally, as per data compiled by Bitbo. The company’s Bitcoin portfolio has yielded an impressive 119% return year-to-date, highlighting the robust performance of its digital asset strategy.
Metaplanet’s Bitcoin expansion aligns with its broader goal to amass 21,000 BTC by 2026, underscoring its commitment to advancing Bitcoin adoption within Japan. Frequently likened to “Asia’s MicroStrategy,” Metaplanet mirrors the aggressive Bitcoin accumulation approach championed by Michael Saylor’s Strategy, which remains the world’s leading corporate Bitcoin holder.
In March, Metaplanet financed a portion of its Bitcoin acquisitions through the issuance of bonds worth 2 billion Japanese yen ($13.3 million), further demonstrating its commitment to leveraging financial instruments to build its cryptocurrency portfolio.
This announcement closely follows Strategy’s own substantial acquisition of 3,459 BTC for $285.5 million, purchased at an average price of $82,618 per coin. Strategy’s total Bitcoin holdings now stand at 531,644 BTC, acquired for a cumulative $35.92 billion.
Despite macroeconomic uncertainties, including ongoing tariff debates affecting traditional and crypto markets alike, industry analysts maintain a bullish long-term outlook for Bitcoin. According to Joe Burnett, Director of Market Research at Unchained, Bitcoin could surpass a valuation of $1.8 million per coin by 2035, potentially eclipsing gold’s $21 trillion market capitalization.
Moreover, analysts like Enmanuel Cardozo from Brickken emphasize that institutional adoption, driven by firms like Strategy, Tether, and Metaplanet, is accelerating Bitcoin’s traditional four-year market cycle. Cardozo predicts a market bottom around the third quarter of 2025, with a potential peak by mid-2026, though increased market maturity and liquidity could advance these milestones.
Metaplanet’s steadfast Bitcoin strategy signifies a growing trend among Asian institutions towards embracing Bitcoin not merely as an investment asset but as a fundamental component of future financial infrastructure.
