---
title: "‘Asia’s MicroStrategy’ Metaplanet buys ¥500 million worth of Bitcoin"
url: https://diffcoin.com/asias-microstrategy-metaplanet-buys-%c2%a5500-million-worth-of-bitcoin/
description: "Metaplanet buys ¥500 million in Bitcoin, mirroring MicroStrategy and aiming to mitigate yen weakening with its strategy."
published: 2024-08-13
updated: 2024-08-13
author: "Mila"
site: "Diffcoin"
---

# ‘Asia’s MicroStrategy’ Metaplanet buys ¥500 million worth of Bitcoin

### Key Takeaways

- Metaplanet purchased ¥500 million in Bitcoin, totaling about 303 BTC.
- The firm uses Bitcoin to minimize exposure to the weakening yen.

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Metaplanet, a Japanese public company recently known for its steady Bitcoin accumulations, has acquired an additional ¥500 million worth of Bitcoin (BTC), said Simon Gerovich, the company’s CEO in a recent post on X.

> Always be stacking [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) [@Metaplanet_JP](https://twitter.com/Metaplanet_JP?ref_src=twsrc%5Etfw) [pic.twitter.com/c34goVoLa8](https://t.co/c34goVoLa8)
> 
> — Simon Gerovich (@gerovich) [August 13, 2024](https://twitter.com/gerovich/status/1823201085160587402?ref_src=twsrc%5Etfw)

The latest acquisition brings Metaplanet’s total Bitcoin holdings to around 303 BTC, valued at nearly $18 million. The move came after the company announced last week it had secured a ¥1 billion loan dedicated entirely to purchasing Bitcoin.

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

Metaplanet also revealed plans to raise about $70 million through a stock rights offering, allocating approximately $58 million for further Bitcoin investments.

Despite a recent downturn in the Bitcoin market, Metaplanet’s continued investment reflects its commitment to using the flagship crypto as a treasury reserve asset. The firm aims to provide domestic investors with Bitcoin exposure while benefiting from favorable tax treatment.

Metaplanet’s Bitcoin strategy is inspired by that of MicroStrategy, a major US software firm known for its substantial Bitcoin investments. Metaplanet views Bitcoin as a strategic long-term investment and a hedge against the yen’s depreciation and Japan’s high government debt.

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[Source link](https://cryptobriefing.com/metaplanet-bitcoin-purchase-strategy/)