Metaplanet Doubles Down on Bitcoin with 797 BTC Buy at Record Highs

• Metaplanet purchased 797 more Bitcoin tokens worth $96 million, bringing total holdings to 16,352 BTC and making it Asia’s largest corporate Bitcoin owner.

• Company mirrors MicroStrategy’s treasury strategy, using Bitcoin as a reserve asset and collateral for acquiring profitable businesses in digital financial services.

• Bitcoin reaches new all-time high of $122,490 with 3.87% daily gains and 150% volume increase, pushing market cap to $2.43 trillion

This week, Tokyo-listed hospitality firm Metaplanet has purchased 797 more Bitcoin tokens worth about $96 million. The acquisition increases the total number of cryptocurrencies owned by the company to 16,352 BTC, which makes it the largest corporate owner in Asia. This is a strategic step that comes at a time when Bitcoin has passed the $120,000 mark, and it is a milestone in institutional adoption.

Corporate Treasury Strategy Mirrors MicroStrategy’s Playbook

The strategy of Metaplanet is very close to the one developed by MicroStrategy, of employs Bitcoin as a treasury reserve asset in future development. Chief Executive Simon Gerovich announced that it would use these digital asset holdings as collateral in purchasing profitable businesses. The company is specifically focused on the opportunities in the digital financial services sector by using its cryptocurrency base to drive strategic growth.

The hospitality company has used various funding methods to finance its Bitcoin acquisition strategy, such as zero-interest corporate bonds. Other sources of funds are the right to acquire stock and access to the U.S. capital markets via structured investments. Moreover, an intended capital infusion of $5 billion in the Florida subsidiary of Metaplanet is an indication that the company is determined to enhance its treasury structure.

This purchase plan is a radical shift in the conventional hospitality business to cryptocurrency-based business growth. The choice of Metaplanet to maintain large reserves of Bitcoin places the company among the leaders in the adoption of digital assets in the corporate world. The action is an indicator of increased confidence of international corporations in the long-term value proposition of Bitcoin as institutional treasury management is developing.

Bitcoin Market Performance

The Metaplanet moves came as Bitcoin hit a new all-time high. As per the CMC data, currently BTC is trading at $122,490.16 with an intraday gain of 3.87% showcasing bullishness. Moreover, the trading volume is increased by almost 150% showcasing BTC demand among buyers at its peak. 

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