Asia’s largest corporate Bitcoin holder, Metaplanet, has purchased an additional 1,004 Bitcoin on Monday, as part of its Bitcoin accumulation strategy.
The acquisition comes days after the Tokyo-based firm reported record-breaking earnings for the first quarter of the year.
Metaplanet has purchased Bitcoin for an average price of JP¥15,134,304 per Bitcoin ($104,180). The recent purchase of 1,004 Bitcoin worth approximately $104 million, has increased its total stash to 7,800 BTC, currently valued at over $800 million.
Metaplanet Secures 10th Position in Bitcoin Accumulation Among Global Public Firms
The company’s aggressive Bitcoin accumulation strategy has already put the firm ahead of El Salvador’s state-owned Bitcoin treasury. Per the nation’s Bitcoin Office data, El Salvador has only 6,181 Bitcoin.
The strategic move is aimed at boosting shareholder value, reflecting the company’s commitment to leveraging BTC as a key asset. Metaplanet began its Bitcoin buying spree in April 2024 and has set an ambitious target of holding 10,000 BTC by the end of 2025.
According to Bitcoin Treasuries, Metaplanet stands at 10 among public companies that own Bitcoin. Several companies and jurisdictions worldwide have echoed the strategy of Michael Saylor’s Strategy (formerly MicroStrategy), which currently holds more than 568,840 BTC.
Metaplanet’s Q1 Revenue Soars 88%, Thanks to Consistent BTC Acquisitions
The Japanese giant recently unveiled that it had the strongest quarter to date for Q1 FY2025. Per the quarterly earnings report, its Bitcoin strategy has contributed 88% to the firm’s revenue of JP¥877 million ($6 million).
Further, Meteplanet has become Japan’s only regulated Bitcoin exposure within a public company framework. Its consistent Bitcoin accumulation has made the company the 11th-largest public firm globally in Bitcoin holdings, and the first in Asia.
Additionally, reported a BTC yield of 170% and a BTC gain of 2,996 BTC, as of May 12.
“Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter,” the company wrote in the report.
The post Metaplanet Scores Additional 1,004 Bitcoin, Reports Record-Breaking Q1 2025 Revenue appeared first on Cryptonews.
