The Tokyo-listed investment advisor Metaplanet made yet another bold move on the crypto market by significantly increasing their bitcoin holdings.
The company now has a total of 639.5 BTC worth approximately $40.6 Million.
Metaplanet, as part of its broader strategy and to hedge currency fluctuations in the portfolio, is using Bitcoin.
Metaplanet purchases additional 108.78$BTC
Metaplanet announced on Monday it acquired 108.8 BTC for an average of 9.2 million yen each Bitcoin.
The firm has invested more than 6 billion yen in bitcoin since May 2024, when it first adopted the asset as a reserve.
This move highlights a trend that is growing among Asian firms to incorporate Bitcoin as part of their financial strategy in order to protect themselves against currency volatility.
Metaplanet is now Asia’s 2nd largest BTC-holder.
Metaplanet, with its expanded Bitcoin portfolio, is now the second largest Bitcoin owner among Asia’s listed companies. Meitu in Hong Kong, who holds 941 BTC, takes first place.
The two companies are still far behind MicroStrategy of the US, who leads global charts, with over 252,000 BTC.
Metaplanet is confident in Bitcoin’s long-term prospects, especially as businesses increasingly recognize it as a hedge against currency and inflation depreciation.
Metaplanet’s approach is in line with the trend towards cryptocurrency adoption by corporate portfolios, as digital assets gain more traction within traditional finance.
Sell BTC options to finance future purchases
Metaplanet, in addition to buying Bitcoins, has started to leverage its current holdings by offering Bitcoin put options.
The company plans to invest the premium earned from selling 223 contracts on October 3 into purchasing additional Bitcoin.
Put options allow the owner to dispose of an asset at a price agreed upon, thereby providing additional funds to the seller (in this case Metaplanet) for the purchase of further cryptocurrencies.
This is a strategy that allows the company to grow its Bitcoin holdings without having to spend any more money.
Metaplanet uses option premiums as a way to finance bitcoin purchases, adding sophistication to their investment strategy. This shows off the company’s growing influence in financial markets.
This firm not only adds to its cryptocurrency assets, but finds innovative ways to fund this growth and manage potential downside risks.
Metaplanet shares rise 500% in a year
Markets have responded well to Metaplanet’s Bitcoin investment.
Shares of the company have increased by over 500% in one year, from 988 yen to $988.
Investors are confident in the decision of the company to increase its Bitcoin holdings. They recognize the importance of the cryptocurrency strategy for the current economy.
Metaplanet’s success demonstrates the growing importance of digital assets for public companies. Especially those who are innovative and forward-looking.
Metaplanet’s continued development of its bitcoin strategy signals the growing acceptance by mainstream society for digital assets.
Its innovative financial strategies and company’s prominent position as Asia’s largest Bitcoin owner could have a further impact on the crypto landscape of the region.
The post Metaplanet Increases Bitcoin Holdings to 639,5 BTC Worth $40.6M With $6.7M Investment may change as new developments unfold.
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