Categories: Bitcoin Latest News

Japan’s Metaplanet Buys 797 Bitcoin as BTC Breaks Past $120K

Metaplanet, the largest corporate bitcoin (BTC) holder outside North America, has purchased an additional 797 BTC, worth around $96 million, bringing its total bitcoin holdings to 16,352.

Simon Gerovich, CEO of the Tokyo-listed hotelier, recently told the FT that the firm aims to leverage these holdings as collateral to finance acquisitions of cash‑generating businesses, particularly in digital financial services.

Metaplanet’s strategy mirrors the blueprint used by Michael Saylor’s Strategy (MSTR): accumulate bitcoin via equity and debt issuance, then use the asset base to secure financing for broader expansion.

Metaplanet has already tapped zero‑interest bonds, stock acquisition rights, and U.S. capital markets—including a planned $5 billion injection into its Florida subsidiary—to fund BTC buying and strengthen its treasury infrastructure.

Read more: Metaplanet Wants to Use Bitcoin Holdings for Acquisitions: FT

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