Bitcoin

BlackRock

<h4><strong>Metaplanet, a Japanese investment firm, has emerged as the largest Bitcoin holder in Asia, crossing the 1,000 BTC mark.</strong></h4>
<p>Asia has seen increased competition among investment companies. However, Metaplanet appeared to have secured a new edge after announcing that it had purchased an additional 156.78 <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, putting its total holdings at 1,018.17 BTC, worth approximately $68 million.</p>
<h5><strong>Metaplanet Becomes Asia’s Largest Bitcoin Holder with Over 1,000 BTC</strong></h5>
<p>The purchase also makes the firm Asia’s second-largest Bitcoin holder. CEO Simon Gerovich took to X (formerly Twitter) to share the milestone with followers, stating, “Metaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.”</p>
<p>In a show of enthusiasm, when asked if Metaplanet planned to keep buying, Gerovich responded, “always and forever,” signaling the firm’s commitment to ongoing Bitcoin acquisition.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">.<a href="https://twitter.com/Metaplanet_JP?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Metaplanet_JP</a> now owns more than 1000 BTC making it one of the largest corporate holders of Bitcoin in Asia <a href="https://t.co/31GSXgQ8rk" rel="noopener noreferrer nofollow">https://t.co/31GSXgQ8rk</a></p>
 <p>— Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1850737795826155772?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Some sources rank Metaplanet as the 19th largest corporate Bitcoin holder globally. China-based Boyaa Interactive International secures the first spot in Asia with a significant holding of 1,100 BTC. In third position is Hong Kong’s Meitu, holding 940.9 BTC valued at around $64 million.</p>
<p>Metaplanet isn’t the only company involved in embracing Bitcoin. Instead, BTC acquisition is a larger trend involving prominent firms like <a href="https://www.altcoinbuzz.io/cryptocurrency-news/microstrategy-moves-to-acquire-more-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> in the U.S. With increased involvement from asset management giants like BlackRock and Fidelity, Bitcoin’s profile as a viable asset has only grown.</p>
<h5><strong>More About Metaplanet</strong></h5>
<p>Metaplanet has adopted ‘BTC Yield’ as a key performance indicator, following the industry best practices set by MicroStrategy. This move highlights the firm’s commitment to measuring the returns on its Bitcoin investments more effectively.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">*Metaplanet Adopts ‘BTC Yield’ as a Key Performance Indicator, Following Industry Best Practice Pioneered by MicroStrategy.* <a href="https://t.co/P52s7BjNMF" rel="noopener noreferrer nofollow">pic.twitter.com/P52s7BjNMF</a></p>
 <p>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1849617937931420122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>By focusing on <a href="https://www.altcoinbuzz.io/?s=BTC+Yield" target="_blank" rel="noopener noreferrer nofollow">BTC Yield</a>, Metaplanet aims to gauge how well its Bitcoin holdings perform, ensuring that the firm’s strategies align with the growing trend of institutional investors prioritizing yield from their crypto assets</p>
<p><iframe title="BTC $74K Before Election? OR Big Bull Trap Ahead?!" width="696" height="392" src="https://www.youtube.com/embed/TxWQaHNRZGI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>&nbsp;</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/metaplanet-is-now-asias-second-biggest-bitcoin-holder/" rel="noopener noreferrer nofollow">Metaplanet Is Now Asia’s Second-Biggest Bitcoin Holder</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Metaplanet Is Now Asia’s Second-Biggest Bitcoin Holder

Altcoin Buzz

Other articles published on Oct 29, 2024

Magic Eden to Support Abstract Mainnet

Pepe Musk (PEPEMUSK) Memecoin Will Rally Over 13,000% Ahead of First Exchange Listing, While Shib...

Maker (MKR) Price Predicted to Hit $3000?

Can You Guess The TOP 5 Meme Coins To Watch This Week

Bitcoin bulls charge toward $72K as analysts set 6-figure BTC price targets

SHIB Leaves AVAX Behind, Is ADA Next?

Join our free newsletter for daily crypto updates!