MetaPlanet Boosts Its Bitcoin Holdings to 6796 BTC After a ¥18.42 Billion Purchase, Becoming Asia's Largest Corporate BTC Holder.

The company outpaces MicroStrategy in ROI, plans a $25M raise, and sees a 13% stock surge on aggressive Bitcoin investment strategy.

Japanese-listed firm MetaPlanet Inc. has bought 1,241 more Bitcoins, bringing its total to 6,796 BTC and marking a 22% increase in its holdings. The company is also raising money through bonds and stock rights to keep growing its Bitcoin investments.

The latest Bitcoin purchase, which was announced on Friday, saw MetaPlanet spend approximately ¥18.42 billion (around $118 million) to acquire 1241 BTC at an average price of ¥14.84 million per BTC.

Following this purchase, MetaPlanet’s total Bitcoin stash stands at 6,796 BTC, valued at over ¥90.19 billion. With an average acquisition cost of just ¥13.27 million per coin, MetaPlanet is now Asia’s largest corporate holder of Bitcoin and ranks 11th globally, according to BitcoinTreasuries.

After a stellar performance by Bitcoin in recent months, which saw the flagship cryptocurrency surge past the $104,000 mark, the company’s strategy seems well-timed.

Outperforming MicroStrategy on Returns

While MicroStrategy (NASDAQ:MBI) is often seen as the leader in corporate Bitcoin adoption, MetaPlanet is catching up quickly and already outperforming on returns. The company achieved a 2x return on its Bitcoin position in just three months, whereas MicroStrategy took 19 months to reach similar gains.

Moreover, MetaPlanet’s modified NAV is growing 3.8x faster, and analysts believe its stock could climb from ¥533 to as high as ¥1,340.

Earlier this year, Goldman Sachs analysts set a price target of ¥1,340 for MetaPlanet stock, indicating a potential upside of 150% from current levels. They also began covering the stock with a “buy” rating.

$25 Million Raise to Buy More Bitcoin

MetaPlanet is also planning to raise $25 million to further grow its Bitcoin reserves. The company aims to issue new bonds and stock rights to keep investing in crypto assets.

Unlike MicroStrategy’s more structured approach, MetaPlanet is betting big and fast on BTC, positioning itself as a high-leverage crypto asset play.

This strategy has already paid off, with investor confidence in MetaPlanet’s Bitcoin investments showing up in its stock performance. Last week, shares of MetaPlanet soared by 13.32%, closing at ¥485. The stock touched a high of ¥502 during the session, driven by optimism over its growing crypto exposure.

With a market cap of ¥24.21 billion and a P/E ratio of 25.86, the company is quickly becoming a top stock to watch, especially for those interested in Japan’s largest Bitcoin-centric company.

handles several businesses in the fields of housing, food, and service in Japan. The company is publicly listed on the Tokyo Stock Exchange. Its stock code is 3893 and its stock is part of the Tokyo Stock Exchange’s second section.

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