Japanese investment firm Metaplanet Inc. has expanded its cryptocurrency reserves by acquiring an additional 1,111 Bitcoin (BTC) for approximately $118 million. This purchase increases Metaplanet’s total BTC holdings to 11,111 coins, currently valued at over $1.1 billion.
The acquisition was financed through corporate bond issuances that raised over $300 million in capital intended for strategic Bitcoin investments. Following the announcement, Metaplanet’s shares experienced a 3.5% decline in trading value.
The move reflects a broader corporate trend of integrating digital assets into long-term treasury strategies. Metaplanet’s approach parallels MicroStrategy’s methodology, emphasizing calculated risk tolerance and sustained commitment to cryptocurrency as a core holding amid market fluctuations.