Metaplanet Purchases Additional  21.88 BTC Amid Japan’s Weakening Yen and Market Rally

• Metaplanet’s Bitcoin holdings now total 225.6 BTC, valued at $14.6M, after recent purchases amid price fluctuations.
• Since April 2024, Metaplanet’s stock price surged nearly sixfold, showcasing its strategic Bitcoin investment.
• The Japanese yen’s 54% depreciation since 2021 drives Metaplanet’s Bitcoin strategy as a hedge against economic instability.

Japan-based investment firm Metaplanet has purchased an additional 21.88 Bitcoin worth over $1.2 million (200 million yen), as Bitcoin prices range between $62,000 to $65,000. This purchase follows a series of strategic acquisitions highlighting the firm’s approach to leveraging Bitcoin as a hedge against Japan’s economic challenges.

Bitcoin Holdings Reach New Heights

According to Metaplanet’s latest purchase statement on July 16, the firm’s total Bitcoin holdings now amount to 225.6 Bitcoin, valued at approximately $14.6 million. This follows an earlier acquisition on July 7, where Metaplanet bought 42.46 Bitcoin for $2.5 million (400 million yen), taking advantage of a temporary dip in Bitcoin prices.

Stock Price Surge

Since announcing its Bitcoin investment strategy on April 9, 2024, Metaplanet’s stock price has surged by nearly sixfold. However, despite this impressive growth, the firm has seen only a 2.8% increase in the value of its Bitcoin holdings, given its average purchase price of $62,890 per Bitcoin.

Metaplanet has expressed its commitment to expanding its Bitcoin reserves, much like MicroStrategy, the largest corporate Bitcoin holder. On May 13, the firm stated it would use a variety of capital market instruments to boost its Bitcoin holdings. This strategy aims to mitigate risks associated with Japan’s mounting debt and the depreciating yen.

Economic Hedge Against Yen Depreciation

The Japanese yen has depreciated nearly 54% against the U.S. dollar since January 2021. In contrast, Bitcoin has surged over 145% against the yen over the past year. Metaplanet’s consistent Bitcoin purchases since April reflect its strategy to diversify away from the weakening yen, viewing cryptocurrencies as a more stable hedge against inflation and economic instability.

Corporate Innovation and Economic Resilience

Metaplanet has adjusted its treasury operations to navigate Japan’s challenging economic sector. By integrating Bitcoin into its portfolio, the firm sets a precedent for corporate innovation in asset management within Japan. This strategy has positioned Metaplanet as a leading performer in the Japanese stock market, with its stock price surging by 158% in May alone.