Metaplanet Adds 797 BTC to Holdings, Expanding Bitcoin-Fueled Growth Strategy

Metaplanet, Japan’s largest corporate holder of bitcoin outside North America, has acquired an additional 797 BTC valued at roughly $96 million, boosting its total bitcoin stash to 16,352 BTC.

The Tokyo-listed hotel and hospitality group is adopting a strategy similar to that of Michael Saylor’s MicroStrategy (MSTR): accumulating bitcoin through equity and debt issuance and then leveraging its growing crypto reserves to secure financing for broader business expansion.

CEO Simon Gerovich recently told the Financial Times that Metaplanet plans to use its bitcoin holdings as collateral to fund acquisitions of cash-generating businesses, with a particular focus on the digital financial services sector.

The company has already utilized various funding avenues, including zero-interest bonds, stock acquisition rights, and access to U.S. capital markets. Notably, Metaplanet is planning a $5 billion capital injection into its Florida subsidiary, aiming to both increase its bitcoin purchases and enhance its treasury operations.