BTC Tops $120,000 While Japan’s Metaplanet Adds 797 Bitcoin to Its Holdings

Metaplanet Grows Bitcoin Holdings, Targets Expansion Using Crypto Reserves

Metaplanet, the Tokyo-listed hospitality firm and Japan’s largest corporate bitcoin holder outside North America, has purchased an additional 797 BTC valued at approximately $96 million. This acquisition lifts the company’s total bitcoin holdings to 16,352 BTC.

Mirroring the strategy pioneered by Michael Saylor’s MicroStrategy (MSTR), Metaplanet is accumulating bitcoin through a mix of equity and debt funding, aiming to leverage its crypto assets to secure financing for further business growth.

Speaking to the Financial Times, CEO Simon Gerovich said the firm plans to use its bitcoin as collateral for acquiring profitable businesses, with a particular focus on digital financial services.

Metaplanet has already tapped several funding avenues, including zero-interest bonds, stock acquisition rights, and U.S. capital markets. The company also intends to inject $5 billion into its Florida subsidiary, a move designed to expand its bitcoin holdings and strengthen its treasury infrastructure.