Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 150 Bitcoin, aiming to acquire a total of 21,000 BTC by 2026. This latest purchase, costing around 1.88 billion yen ($12.6 million), brings their total holdings to 3,200 BTC, valued at $261.8 million at the time of writing. Despite the purchase, Metaplanet's stock price fell by 0.5% on the day of the transaction. The company has issued approximately 44 million common shares to fund its Bitcoin accumulation, which leads it to be dubbed 'Asia's MicroStrategy.' Its Bitcoin yield for the current quarter is reported at 60.8%, significantly lower than the previous quarter's yield of 310%. Since announcing its Bitcoin treasury strategy, Metaplanet's stock experienced a remarkable 34% increase, boosting its shareholder base by 500% in 2024. The company's market capitalization has surged by 9,652% within the last year, coinciding with Japan's evolving stance on digital assets, including discussions among lawmakers about converting foreign reserves into BTC.

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