Metaplanet Expands Bitcoin Holdings, Plans Crypto-Fueled Growth
Tokyo-listed Metaplanet, Japan’s biggest corporate holder of bitcoin outside North America, has added another 797 BTC to its balance sheet, an investment worth about $96 million. With this latest purchase, the company’s total bitcoin holdings have risen to 16,352 BTC.
The company is following a strategy similar to Michael Saylor’s MicroStrategy (MSTR), acquiring bitcoin through equity and debt issuance and using its crypto assets as a foundation to secure financing for broader business expansion.
CEO Simon Gerovich recently shared with the Financial Times that Metaplanet aims to leverage its bitcoin reserves as collateral to fund acquisitions of cash-generating businesses, particularly in the digital financial services sector.
So far, Metaplanet has raised capital via zero-interest bonds, stock acquisition rights, and access to U.S. capital markets. The firm also plans a significant $5 billion investment into its Florida subsidiary to further expand its bitcoin holdings and enhance its treasury operations.
