Metaplanet, a publicly listed Japanese company, has acquired 38.6 Bitcoin (BTC) for ¥300 million (approximately $2.2 million). This purchase brings the company's total Bitcoin holdings to 398.8 BTC, worth approximately ¥3.75 billion ($27.6 million). The company has steadily accumulated Bitcoin as part of its broader corporate strategy.

The recent acquisition follows Metaplanet's announcement in August, where the company revealed plans to raise 10.08 billion yen to further bolster its Bitcoin holdings. This move aligns with the company's pro-Bitcoin investment policy, which it adopted earlier this year, and reflects a growing trend among public companies looking to integrate Bitcoin into their treasury management strategies.

Metaplanet’s approach mirrors that of U.S.-based MicroStrategy, which pioneered a similar model of raising debt to acquire Bitcoin. Other companies, such as Marathon Digital Holdings and Semler Scientific, have also adopted this strategy. Marathon recently raised $250 million through a convertible note offering to purchase more Bitcoin, while Semler Scientific has also made moves to raise capital for similar purposes.

By leveraging low-interest borrowing, these companies aim to capitalize on Bitcoin’s long-term appreciation potential without having to liquidate other assets. This growing trend highlights the increasing role Bitcoin plays in corporate financial strategies, particularly for firms seeking to diversify and hedge against traditional market risks.

As Metaplanet continues to expand its Bitcoin holdings, it solidifies its position among companies betting on the future growth and adoption of the Bitcoin. The move also suggests that more public companies may follow suit, further integrating Bitcoin into their financial operations and strategies.

Bitcoin Magazine Article

Metaplanet Filing