Metaplanet Inc., a Japanese public company, has made a significant move by acquiring 1,241 Bitcoin, surpassing El Salvador’s holdings. This acquisition positions Metaplanet as a leading Bitcoin holder in Asia and could impact global market dynamics and institutional adoption of the cryptocurrency. The purchase, valued at approximately $117 million, marks a strategic shift for the company that has traditionally operated in the hospitality industry. Metaplanet joins other prominent companies like MicroStrategy in adopting Bitcoin reserves as part of their financial strategy. This move highlights the growing trend of corporations utilizing cryptocurrencies as a hedge against market volatility and reflects a wider shift toward digital asset adoption.