Japan’s Metaplanet Purchases 797 BTC as Bitcoin Climbs Over the $120K Mark

Japan’s Metaplanet Boosts Bitcoin Holdings, Eyes Growth Through Crypto-Backed Expansion

Metaplanet, the Tokyo-listed hospitality company and Japan’s largest corporate bitcoin holder outside North America, has acquired an additional 797 BTC, valued at around $96 million. This latest purchase brings its total bitcoin reserves to 16,352 BTC.

The company’s approach closely resembles the playbook of Michael Saylor’s MicroStrategy (MSTR), involving aggressive bitcoin accumulation through both equity and debt issuance, then leveraging those holdings to fund wider business growth.

CEO Simon Gerovich told the Financial Times that Metaplanet plans to use its bitcoin as collateral to finance acquisitions of profitable businesses, with a strong focus on opportunities in digital financial services.

Metaplanet has already tapped diverse funding sources, including zero-interest bonds, stock acquisition rights, and U.S. capital markets. The firm is also preparing a $5 billion capital injection into its Florida subsidiary, aiming to bolster its bitcoin buying strategy and reinforce its treasury infrastructure.