Metaplanet has secured its position as Asia’s largest corporate Bitcoin holder, surpassing 1,000 BTC on its balance sheet.
Highlights:
– Metaplanet achieved a 116% Bitcoin yield in October alone.
– This purchase followed last week’s Stock Acquisition Rights move by the company.
– Microsoft and other major corporations are considering Bitcoin investments, pending shareholder approval.
Often called the “MicroStrategy of Asia,” Metaplanet now leads in corporate BTC holdings in Asia, having recently expanded its Bitcoin reserves beyond 1,000 BTC. Earlier today, Metaplanet revealed a new purchase of 156 BTC, valued at approximately 1.6 billion yen. Following the announcement, Metaplanet’s stock jumped 6.06% to 1,138 JPY during Asia’s Monday morning trading.
Rising Bitcoin Holdings at Metaplanet:
Since entering the Bitcoin market in May, Metaplanet has steadily grown its holdings. In August, the company secured a 1 billion yen loan from MMXX Ventures Limited to fuel its BTC acquisitions. Metaplanet has since launched 11 Series of Stock Acquisition Rights, raising a total of 10 billion yen to bolster its BTC holdings.
CEO Simon Gerovich noted, “With over 1,000 BTC, Metaplanet is now among Asia’s largest corporate Bitcoin holders.” The company introduced a new KPI called “BTC Yield” to measure Bitcoin returns, achieving a 116% yield in October, up from 41.7% in the previous quarter.
Gerovich highlighted that this yield metric offers shareholders a clearer view of BTC acquisitions’ impact on shareholder value, inspired by MicroStrategy’s approach to Bitcoin metrics.
Corporate Bitcoin Adoption Gains Momentum:
Led by MicroStrategy’s example, corporate adoption of Bitcoin is on the rise globally. Companies like Tesla continue to hold BTC on their balance sheets, and now Microsoft is also considering a shareholder vote to add Bitcoin, which could set a trend for other major corporations to follow suit.
