{"id":442925,"date":"2024-09-10T09:59:00","date_gmt":"2024-09-10T08:59:00","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=442925"},"modified":"2025-10-18T14:01:31","modified_gmt":"2025-10-18T13:01:31","slug":"metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom\/","title":{"rendered":"Metaplanet doubles down on Bitcoin amid Japan crypto boom"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/metaplanet\/\">Metaplanet<\/a> Inc. has acquired an additional 38.464 <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a>, valued at approximately \u00a5300 million ($2 million), according to a Sept. 10 <a href=\"https:\/\/metaplanet.jp\/wp-content\/uploads\/2024\/09\/20240910-Notice-of-Additional-Purchase-of-Bitcoins.pdf\">statement<\/a>.<\/p>\n<p>This latest purchase brings Metaplanet's total Bitcoin holdings to 398.832 BTC, worth about \u00a53.75 billion ($26 million).<\/p>\n<p>According to Yahoo Finance data, following the acquisition, Metaplanet's stock rose 4.42% to \u00a51,086. The stock is up more than 500% year-to-date.<\/p>\n<p><span style=\"color: #333333; font-size: 22px; font-weight: bold;\">Metaplanet's Bitcoin strategy<\/span><\/p>\n<p>Over the past months, Metaplanet has <a href=\"https:\/\/cryptoslate.com\/bitcoin-buy-propels-metaplanet-stock-up-10-total-holdings-now-225-btc\/\">consistently increased its Bitcoin holdings<\/a> as part of its strategy to utilize the flagship digital asset as a strategic treasury reserve.<\/p>\n<p>This approach was a response to Japan's economic difficulties, such as high government debt, negative interest rates, and the declining value of the yen.<\/p>\n<p>On Sep. 9, the company <a href=\"https:\/\/metaplanet.jp\/wp-content\/uploads\/2024\/09\/Notice-of-Exercise-of-the-11th-Series-of-Stock-Acquisition-Rights-by-the-Management.pdf\">announced<\/a> plans to exercise stock acquisition rights to raise \u00a5299.7 million for further Bitcoin investments.<\/p>\n<p>This comes after the company <a href=\"https:\/\/cryptoslate.com\/metaplanet-teams-up-with-japans-sbi-for-enhanced-bitcoin-custody-and-trading\/\">partnered with SBI VC Trade<\/a>, a subsidiary of the SBI Group, to access corporate custody services. According to the company, SBI would provide it with corporate custody services that prioritize compliance and tax efficiency.<\/p>\n<h2>Japan's blooming crypto landscape<\/h2>\n<p>Meanwhile, market observers have pointed out that Metaplanet's Bitcoin purchases reflect Japan's growing crypto market, marked by the <a href=\"https:\/\/cryptoslate.com\/sony-group-takes-plunge-into-web3-with-new-ethereum-layer-2-network-soneium\/\">involvement of major technological firms like Sony<\/a> and favorable regulatory changes.<\/p>\n<p>Last week, Japan's three largest banks\u2014Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank\u2014backed Project Pax, a stablecoin platform designed to facilitate cross-border business settlements.<\/p>\n<p>Further, Agile Energy X, a subsidiary of the Tokyo Electric Power Company (Tepco), revealed that it would be <a href=\"https:\/\/cryptoslate.com\/insights\/bitcoin-mining-aids-in-texas-grid-stabilization-and-harnesses-wasted-renewable-energy-in-japan\/\">harnessing excess renewable energy<\/a> for Bitcoin mining activities.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/companies\/ripple\/\">Ripple<\/a> CEO <a href=\"https:\/\/cryptoslate.com\/people\/brad-garlinghouse\/\">Brad Garlinghouse<\/a> further noted that the Asian country presents a viable regulatory environment that allows the industry to thrive. He <a href=\"https:\/\/x.com\/bgarlinghouse\/status\/1831979906970091788\">stated<\/a>:<\/p>\n<blockquote><p>&#8220;<span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3 r-b88u0q\">Japan<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">&#8216;s leaders are committed to advancing <\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3 r-b88u0q\">crypto<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\"> and blockchain technology, through clear frameworks and constructive policy that protects consumers and enables innovation.&#8221;<\/span><\/p><\/blockquote>\n<p>These activities inadvertently position Japan as a forward-thinking player in the global digital assets space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metaplanet Inc. has acquired an additional 38.464 Bitcoin, valued at approximately \u00a5300 million ($2 million), according to a Sept. 10 statement. This latest purchase brings Metaplanet&#8217;s total Bitcoin holdings to 398.832 BTC, worth about \u00a53.75 billion ($26 million). According to Yahoo Finance data, following the acquisition, Metaplanet&#8217;s stock rose 4.42% to \u00a51,086. The stock is [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":442936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,35372],"tags":[77794,79402],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metaplanet doubles down on Bitcoin amid Japan crypto boom<\/title>\n<meta name=\"description\" content=\"Metaplanet&#039;s Bitcoin strategy lifts stock over 4% as Japan&#039;s crypto market evolves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metaplanet doubles down on Bitcoin amid Japan crypto boom\" \/>\n<meta property=\"og:description\" content=\"Metaplanet&#039;s Bitcoin strategy lifts stock over 4% as Japan&#039;s crypto market evolves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T08:59:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-18T13:01:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/09\/metaplanet-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/metaplanet-doubles-down-on-bitcoin-amid-japan-crypto-boom\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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