Metaplanet, a Japanese investment firm, has emerged as the largest Bitcoin holder in Asia, crossing the 1,000 BTC mark.
Asia has seen increased competition among investment companies. However, Metaplanet appeared to have secured a new edge after announcing that it had purchased an additional 156.78 Bitcoin , putting its total holdings at 1,018.17 BTC, worth approximately $68 million.
Metaplanet Becomes Asia’s Largest Bitcoin Holder with Over 1,000 BTC
The purchase also makes the firm Asia’s second-largest Bitcoin holder. CEO Simon Gerovich took to X (formerly Twitter) to share the milestone with followers, stating, “Metaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.”
In a show of enthusiasm, when asked if Metaplanet planned to keep buying, Gerovich responded, “always and forever,” signaling the firm’s commitment to ongoing Bitcoin acquisition.
. @Metaplanet_JP now owns more than 1000 BTC making it one of the largest corporate holders of Bitcoin in Asia https://t.co/31GSXgQ8rk
— Simon Gerovich (@gerovich) October 28, 2024
Some sources rank Metaplanet as the 19th largest corporate Bitcoin holder globally. China-based Boyaa Interactive International secures the first spot in Asia with a significant holding of 1,100 BTC. In third position is Hong Kong’s Meitu, holding 940.9 BTC valued at around $64 million.
Metaplanet isn’t the only company involved in embracing Bitcoin. Instead, BTC acquisition is a larger trend involving prominent firms like MicroStrategy in the U.S. With increased involvement from asset management giants like BlackRock and Fidelity, Bitcoin’s profile as a viable asset has only grown.
More About Metaplanet
Metaplanet has adopted ‘BTC Yield’ as a key performance indicator, following the industry best practices set by MicroStrategy. This move highlights the firm’s commitment to measuring the returns on its Bitcoin investments more effectively.
*Metaplanet Adopts ‘BTC Yield’ as a Key Performance Indicator, Following Industry Best Practice Pioneered by MicroStrategy.* pic.twitter.com/P52s7BjNMF
— Metaplanet Inc. (@Metaplanet_JP) October 25, 2024
By focusing on BTC Yield , Metaplanet aims to gauge how well its Bitcoin holdings perform, ensuring that the firm’s strategies align with the growing trend of institutional investors prioritizing yield from their crypto assets
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