Metaplanet, often referred to as "Asia's answer to MicroStrategy," has made headlines as its Bitcoin holdings surged to a record 1,108 BTC, now valued at $69 million. The Tokyo-based firm disclosed its latest acquisition of 156 BTC, purchased for $10 million, solidifying its ambitious push into digital assets.

This latest move comes as part of Metaplanet's October buying spree. Since the beginning of the month, the company has acquired over 600 BTC across multiple transactions, including a substantial October 1 purchase of 107 BTC for $6.6 million, followed by three additional buys on October 7, 11, and 14. These acquisitions have been strategic, with the company buying in at an average of around $61,932 per Bitcoin.

This aggressive Bitcoin accumulation led to an 8% rise in Metaplanet's stock during early Asian trading, boosting shares to 1,139 JPY (approximately $7.41). Bitcoin itself also edged up 0.8%, trading near $67,645.

Following in the footsteps of U.S.-based MicroStrategy, Metaplanet has adopted the "BTC Yield" metric to measure how its Bitcoin investments impact shareholder value. Although it still trails far behind MicroStrategy’s 252,000 BTC holdings, Metaplanet is emerging as a significant player in corporate Bitcoin adoption across Asia.

Metaplanet's October acquisitions reflect a bullish stance on Bitcoin’s future, reinforcing its commitment to digital assets as it establishes itself as a pioneer in Japan’s cryptocurrency landscape.