Japanese listed firm Metaplanet announced a financial plan to raise money for what will become the largest Bitcoin acquisition in Asian Stock Market History.
The Japanese firm announced on X that it would issue 21 million stock options with a 0% discount rate, raising approximately $745 million to purchase additional Bitcoin.
The proposed Bitcoin Purchase would be the largest in Asian Stock Market history and could set off a ripple effect, leading other Asian listed firms to start acquiring Bitcoin.
Metaplanet has closely monitored and followed Microstrategy’s Bitcoin antics. The Japanese firm is also on a Bitcoin buying spree although in small amounts.
Metaplanet’s Bitcoin Journey
Metaplanet, a Tokyo-based investment firm, initiated its Bitcoin acquisition strategy in May 2024. Since then, the company has steadily increased its holdings, acquiring Bitcoin almost every month, except September.
By November 2024, Metaplanet’s Bitcoin reserves had grown to 1,150 BTC, purchased for approximately ¥11.37 billion ($73 million).
In December 2024, the firm executed its largest Bitcoin purchase to date, acquiring an additional 619.7 BTC for roughly $60 million. This brought Metaplanet’s total holdings to 1,761.98 BTC, with a valuation of nearly $168 million at the time.
Metaplanet’s latest goal to raise $745 million through stock warrants will see the investment firm make the largest Bitcoin purchase in Asian stock market history.
Metaplanet’s strategy highlights a broader trend among corporations adopting Bitcoin as part of their treasury operations. The flagship crypto asset is used as leverage as a hedge against inflation and a means of asset diversification.
Bitcoin in Corporate Asia
Metaplanet’s Bitcoin strategy is a rising trend in corporate Asia, although the actual number of Asian companies holding Bitcoin is unknown.
Data on Asian companies holding Bitcoin is hard to get hands-on due to the lack of public disclosure of assets and an opaque culture in the Asian Business world.
Three of publicly known Asian companies holding Bitcoin include
Boyaa Interactive is a Chinese firm holding approximately 1,100 BTC, making it one of the largest corporate Bitcoin holders in Asia.
Metaplanet a Japanese investment company accumulated over 1,000 BTC, positioning it as a significant corporate Bitcoin holder in the region.
Meitu Inc a Hong Kong-based technology company, Meitu holds around 940.9 BTC.
