Airdrop Army

Metaplanet, the Tokyo-headquartered tech conglomerate, is stacking sats at a pace that’s raising eyebrows and sending signals across Asia’s crypto corridors. Over the weekend, the firm declared it had broken the 1,000-Bitcoin threshold, cementing itself as a major player in Japan’s corporate crypto game. With a fresh 156 BTC pickup on Sunday alone, worth around $10 million, Metaplanet now holds 1,108 BTC, valued at a cool $69 million in today’s markets. They didn’t tiptoe into October—they’re wrapping up a month-long BTC shopping spree.

The self-proclaimed “pioneer in the adoption of digital assets in Japan” began stockpiling Bitcoin in April. This move has attracted comparisons to MicroStrategy, the U.S.-based software behemoth renowned for its staggering BTC reserves. Some analysts even dub Metaplanet “Asia’s answer to MicroStrategy,” noting how it has rapidly scaled its Bitcoin acquisition strategy. Metaplanet’s entry into the BTC club sent its stock rocketing up 8% in Asian markets, with shares hitting 1,139 JPY ($7.41) early Monday morning.

October’s Spree and BTC Yield Innovation

October has seen Metaplanet make a bold series of purchases, scooping up over 600 BTC in four separate transactions. This accumulation marathon kicked off on October 1, with the firm buying 107 BTC for around $6.6 million at an average price of $61,932 per Bitcoin. Just six days later, they added another 108 BTC for approximately $6.7 million, continuing to bolster their holdings with steady precision. By mid-month, they scored another 106 BTC, rounding out an October splurge that has put Metaplanet squarely in the spotlight.

In a move mimicking MicroStrategy’s playbook, Metaplanet has adopted the “BTC Yield” metric, a tool for assessing whether Bitcoin adds to shareholder value. This metric, popularized by MicroStrategy CEO Michael Saylor, has become a litmus test in Bitcoin-maximalist circles to gauge if BTC is just a cash sink or a savvy move. For Metaplanet, the October stats suggest a bullish backdrop, with BTC Yield reinforcing investor confidence.

Rising to Global Contender Status in Corporate BTC Holdings

While Metaplanet’s current stash of 1,108 BTC trails MicroStrategy’s mammoth 252,000 BTC holding, the Tokyo-listed firm is positioning itself as an emerging global contender. Unlike the hesitant approach seen among its regional peers, Metaplanet is embracing Bitcoin as a balance-sheet asset and making waves across Japan’s financial sector.