Japan’s corporate Bitcoin adoption accelerates as Metaplanet expands its holdings to 16,352 BTC, following Strategy’s playbook for using crypto as acquisition collateral.
Metaplanet has acquired 797 additional Bitcoin worth $96 million, increasing its total holdings to 16,352 BTC – maintaining its position as Asia’s largest corporate BTC holder. The Tokyo-listed company plans to leverage its Bitcoin treasury as collateral for financing acquisitions in digital financial services, according to CEO Simon Gerovich.
The $96 million purchase follows Metaplanet’s established Strategy-inspired model of funding Bitcoin accumulation through equity offerings and debt instruments. The firm has utilized zero-interest bonds, stock acquisition rights, and US capital markets – including a planned $5 billion investment in its Florida subsidiary – to build its crypto reserves.
Metaplanet’s latest acquisition coincides with Bitcoin surpassing $120,000, demonstrating growing corporate confidence in cryptocurrency as both a treasury asset and financial instrument. The move highlights Japan’s emerging role in institutional crypto adoption beyond North America.
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: CoinDesk.