Metaplanet Becomes Asia’s Largest Corporate Bitcoin Holder With New Purchase

Japanese investment firm Metaplanet has significantly expanded its Bitcoin holdings, reaching over $400 million following a recent acquisition. The company purchased 330 Bitcoins for $28.2 million at an average price of $85,605 per BTC, according to CEO Simon Gerovich’s April 21 post. This latest purchase brings Metaplanet’s total holdings to 4,855 Bitcoin worth approximately $414 million. The firm’s Bitcoin yield has already exceeded 119% year-to-date. To fund this acquisition, Metaplanet issued 2 billion Japanese yen ($13.3 million) in bonds on March 31st.