Metaplanet, a Japan-based company, has recently made a significant investment in Bitcoin, purchasing 696 BTC for 10.152 billion yen ($67 million). This brings their total Bitcoin holdings to 4,046 BTC, valued at over $341 million at the time of writing.

The company, often referred to as “Asia’s MicroStrategy,” has been actively accumulating Bitcoin as part of their strategy to lead Bitcoin adoption in Japan. In fact, they have set a goal to accumulate 21,000 BTC by 2026. With their current holdings, they rank as the ninth-largest corporate Bitcoin holder globally.

This recent purchase comes shortly after Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC. The company has been making strategic moves to increase their Bitcoin holdings, including a 10-to-1 reverse stock split to lower the price per trading unit and improve liquidity.

The reverse stock split was completed on March 28, and the company’s stock price has risen significantly since then. This has created a high barrier to entry for retail investors, with the minimum amount required to purchase their shares on the market now exceeding 500,000 yen. The stock split aims to address this issue and expand the firm’s investor base.

Metaplanet’s purchase also comes during a period of institutional dip buying, with Michael Saylor’s Strategy announcing their latest acquisition of 22,048 BTC for $1.92 billion. The company now holds over 528,000 BTC acquired for $35.63 billion, showing their confidence in Bitcoin despite global market uncertainty.

This uncertainty includes US President Donald Trump’s looming tariff announcement, which may create significant volatility in both crypto and traditional markets. However, institutions like Metaplanet and Strategy are still showing strong interest in Bitcoin, indicating its potential as a safe-haven asset.

In conclusion, Metaplanet’s recent Bitcoin purchase and strategic moves demonstrate their commitment to leading Bitcoin adoption in Japan. With their growing Bitcoin holdings and the support of other institutional investors, Bitcoin’s future looks promising.