Tokyo-listed Metaplanet has ramped up its Bitcoin holdings to over 1,000 BTC, reinforcing its commitment to crypto as a safeguard against yen volatility. On Monday, Oct. 28, the firm announced a fresh purchase of 156.7 BTC for approximately 1.6 billion yen ($10.4 million), boosting its total reserves to 1,018 BTC, worth around $67.8 million. This latest acquisition underscores Metaplanet’s strategic shift toward digital assets, positioning itself as a forward-thinking player in Japan’s evolving financial landscape.
Also Read: Metaplanet Inc. Completes 1 Billion Yen Bitcoin Acquisition Amid Market Volatility
Strong Yields Rising Shares Mark Metaplanet’s Crypto Journey
From July 1 to Sept. 30, Metaplanet reported a 41.7% yield on its Bitcoin investments, an impressive performance that soared to 155.8% between Oct. 1 and Oct. 28. This yield surge reflects the company’s aggressive acquisition strategy and growing focus on Bitcoin as a core asset. Following the announcement, Metaplanet’s stock responded with a 7.46% increase, reaching 1,153 yen, representing a 13.4% rise over the past month and an extraordinary 578.2% growth year-to-date.
The stock performance data shows that the investors are supporting the company’s crypto-focused strategy. This comes just as it decided this year to begin holding Bitcoin as a reserve currency, presumably because of the conditions in Japan and recent changes to its monetary policy. The latest acquisition made by Metaplanet shows a tendency to diversify reserves as the yen positioned from depreciation after the Bank of Japan recently set an interest rate of 0.25%.
Adopting BTC Yield as a Key Performance Indicator
In a step mirroring the strategy of U.S.-based MicroStrategy, Metaplanet recently adopted “BTC Yield” as a key performance indicator (KPI). This metric measures the period-over-period percentage growth of Bitcoin holdings relative to the company’s fully diluted shares. By focusing on BTC Yield, Metaplanet aims to provide investors with greater transparency on its cryptocurrency strategy, an approach that could influence similar moves within Japan’s investment landscape.
As Metaplanet strengthens its Bitcoin reserve, it reflects a growing trend among Japanese companies to diversify holdings into digital assets. With the yen facing persistent pressure, this approach positions Metaplanet to capitalize on crypto appreciation and the potential for Bitcoin to act as a buffer against currency volatility.
Also Read: Metaplanet Inc. Increases Bitcoin Holdings Amid Economic Challenges
