Japan's Metaplanet has increased its BTC holdings by 9.5 billion yen, bringing the total holdings to 1,762 coins.

Tokyo-based listed company Metaplanet has purchased 619.7 BTC for 9.5 billion yen (approximately 65 million US dollars), increasing its total holdings to 1,761.98 BTC. The company adopts a strategy of accumulating and managing BTC, aiming for long-term appreciation and becoming the largest BTC holder in Asia.

Metaplanet's latest purchase action comes after the recent issuance of a 9.5 billion yen zero-interest bond, which will mature on June 16, 2025. This move indicates a growing interest in cryptocurrencies in the Asian market, echoing the trend in the US market.

In related developments, MicroStrategy has joined the Nasdaq 100 Index after its stock price surged 550% due to its $41 billion BTC reserves. MicroStrategy, along with Palantir Technologies and Axon Enterprise, is included in the index, which is expected to attract additional funds from exchange-traded funds (ETFs) that track the index.

The increasing investment in BTC by large companies such as MicroStrategy and Metaplanet highlights the potential of cryptocurrencies as a store of value and a hedge against traditional financial assets. MicroStrategy still holds the title of the largest publicly traded company BTCholder, with a large holding of 439,000 BTC.

Metaplanet's radical BTC accumulation strategy began in April 2024 and has since added 1,150 BTC to its holdings, worth $122.67 million. The company believes BTC is valuable due to its limited supply and lack of government control. This new bond plan is part of Metaplanet's broader strategy to consolidate its position in the digital asset market.

According to Yahoo Finance data, despite a significant increase in Metaplanet's stock price, its closing price on the Tokyo Stock Exchange fell by 4.24% on Friday to 3,610 yen. However, the company's stock price has soared by nearly 2,253% since the beginning of the year.

Metaplanet's stock also began trading on the U.S. OTCQX market on Thursday, but its first trading day in the U.S. market saw a larger decline, closing down 9.96% according to Google Finance data.

The accumulation of BTC by Metaplanet and other companies reflects the significant changes in the financial landscape, the growing interest of institutions in digital assets, and increased confidence in their value as long-term financial security.

<Japan Metaplanet further increased its BTC holdings by 9.5 billion Japanese yen, bringing the total number of coins held to 1,762>. This article was first published on 'Blocklike'.