Key Takeaways
- Metaplanet has increased its Bitcoin holdings to 748 BTC.
- The company aims to surpass Meitu's 940.9 BTC as Asia's top Bitcoin holder.
- Metaplanet's stock has surged 500% year-to-date due to its Bitcoin acquisitions.
Japanese investment firm Metaplanet has expanded its Bitcoin holdings to over 748 BTC following its latest acquisition of 108.999 BTC on October 11, 2024, for ¥1 billion ($61,659 per BTC).
This brings Metaplanet closer to its goal of accumulating 1,000 BTC, positioning it to surpass Hong Kong-based Meitu Inc., which holds 940.9 BTC, as Asia’s largest corporate Bitcoin holder.
Despite a slight unrealized loss of around $1,900 per BTC, Metaplanet’s stock has surged 500% this year due to its aggressive Bitcoin strategy.
