Asian firms ramp up Bitcoin buys: Metaplanet, HK Asia lead charge
Asian investment firms are increasing Bitcoin acquisitions, with Japan's Metaplanet and Hong Kong's HK Asia Holdings at the forefront. Metaplanet acquired 145 BTC for 1.9 billion yen, raising its total to 5,000 BTC, aiming for 10,000 BTC by 2025. The firm has seen a stock surge of over 3,000% since starting its Bitcoin strategy and plans to hold 21,000 BTC by the end of 2026. HK Asia Holdings plans to raise approximately $8.35 million through new shares and convertible notes, speculated to fund further Bitcoin purchases. The firm has previously increased its holdings to nearly 9 BTC after entering the market in February. Michael Saylor’s Strategy, a major corporate Bitcoin holder, continues to issue convertible notes to finance Bitcoin purchases, holding 538,200 BTC as of April 20, including a recent acquisition of 6,556 BTC for $555.8 million.
