---
title: "‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin"
url: https://diffcoin.com/asias-microstrategy-metaplanet-buys-another-%c2%a5400-million-worth-of-bitcoin/
description: "Metaplanet said it has purchased 42.47 more BTC, bringing its total to over 203 BTC amid Japan's economic challenges."
published: 2024-07-08
updated: 2024-07-08
author: "Mila"
site: "Diffcoin"
---

# ‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin

### Key Takeaways

- Metaplanet has acquired an additional 42.47 BTC, increasing its total holdings to over 203 BTC.
- The company’s Bitcoin strategy is part of a broader trend among global firms using cryptocurrency as an economic hedge.

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Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, has acquired an additional 42.47 BTC, valued at approximately 400 million Japanese Yen (around $2.3 million), the company shared in a recent post.

> *Metaplanet purchases additional 42.47 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw)* [pic.twitter.com/dPotWszW1Y](https://t.co/dPotWszW1Y)
> 
> — Metaplanet Inc. (@Metaplanet_JP) [July 8, 2024](https://twitter.com/Metaplanet_JP/status/1810148327654060441?ref_src=twsrc%5Etfw)

The latest move marks the company’s fifth Bitcoin purchase over the past four months, bringing its total holdings to over 203 BTC, worth about 2 billion Yen (over $11 million). The average purchase price per Bitcoin stands at around $58,500, according to Metaplanet.

The company made previous purchases on April 23, May 10, June 10, and July 1. Following the third purchase, Metaplanet’s shares soared 10%.

Metaplanet, which specializes in hotel development and real estate, has shifted its focus to investing in Bitcoin, using it as a reserve asset amid Japan’s economic challenges.

The company’s move mirrors strategies employed by other major firms like MicroStrategy, leveraging Bitcoin as a hedge against the weakening yen and economic instability.

As of July 7, global public companies hold a collective 324,295 BTC, with MicroStrategy at the forefront, owning 226,331 BTC, which constitutes over half of its market cap, as reported by BitcoinTreasuries.net.

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