“Japan’s MicroStrategy” Adds Further 108 BTC to Holdings

Metaplanet, often referred to as Japan's MicroStrategy, has acquired an additional 108.786 Bitcoin, valued at approximately US$6.7 million, according to CEO Simon Gerovich. The company, which is already holding a hardly small amount of Bitcoin (US$40.6 million), saw its stock rise by over 10% following the purchase, with many investors using the company as a pseudo-ETF.

Based in Tokyo, Metaplanet adopted its Bitcoin investment strategy, inspired by MicroStrategy, back in May. Gerovich recently predicted that global institutions will inevitably hold Bitcoin on their balance sheets, stating, "It's not a matter of if, but when."

While U.S.-based companies account for nearly half of corporate Bitcoin holdings, Metaplanet’s actions suggest this trend is gaining traction internationally. According to River, companies cite accounting, tax treatment, custody, trading risks, and regulatory uncertainty as the main challenges to Bitcoin adoption. Despite these hurdles, River believes corporate Bitcoin adoption could accelerate, with U.S. firms expected to invest over US$10 billion in Bitcoin within the next two years under a bullish scenario.

It's also important to remember that Metaplanet is the latest addition to the growing list of major companies integrating Bitcoin as a core component of their treasury strategy. It’s a reminder of the supply and demand dynamics at play with Bitcoin, as more companies and even governments move to secure their stake in this key asset. The fear of falling behind competitors often drives these entities to act quickly, ensuring they aren't left behind in adding Bitcoin to their balance sheets.

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