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Bitcoin Rally Hikes Metaplanet’s BTC Holdings by $28 Million

  • Metaplanet, a Japanese investment firm known as Asia's MicroStrategy, has seen a surge in its Bitcoin holdings by $28 million this year, resulting in a doubling of its market valuation.
  • Metaplanet's Bitcoin stash has increased from 492.82 BTC to 1,018.17 BTC by mid-November, solidifying its position as one of Asia’s largest corporate Bitcoin holders.
  • Despite the increase in Bitcoin holdings, Metaplanet reported a loss of $2.1 million for the first nine months of this year, but it raised over $26.7 million through bond offerings and stock issuances.
  • Bitcoin's price has surged by over 138% this year, hitting a record high of $89,000, and it is currently trading at $87,714.

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