Asian Investment Firms Accelerate Bitcoin Accumulation in India: Metaplanet, HK Asia Lead Charge. Asian investment firms in India are intensifying their Bitcoin accumulation strategies, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings taking the lead. Tokyo-based Metaplanet revealed on April 24 that it purchased an additional 145 Bitcoin (BTC) for 1.9 billion Japanese yen (approximately $13.4 million), increasing its total holdings to 5,000 BTC. Metaplanet CEO Simon Gerovich confirmed the company has achieved 50% of its target to amass 10,000 BTC by the end of 2025. The firm has been proactive in its Bitcoin treasury operations, utilizing bond issuances and Bitcoin income strategies to finance its acquisitions. Since implementing its Bitcoin strategy, Metaplanet’s stock has surged over 3,000%, aiming to hold 21,000 BTC by the end of 2026. In a parallel development, HK Asia Holdings Limited announced plans to raise about $8.35 million for BTC purchases by issuing new shares and convertible notes. The capital raise is speculated to fund further Bitcoin acquisitions following HK Asia’s entry into Bitcoin markets in February, which saw its share price double within a day after purchasing its first BTC. HK Asia expanded its holdings by purchasing an additional 7.88 BTC by February 20, bringing its total to nearly 9 BTC. Michael Saylor’s Strategy, a prominent corporate Bitcoin holder, continues to champion the Bitcoin accumulation strategy by consistently issuing convertible notes and equity offerings for aggressive Bitcoin purchases. As of April 20, Strategy held 538,200 BTC on its balance sheet, including the recent acquisition of 6,556 BTC for approximately $555.8 million. The trend of Asian investment firms ramping up their Bitcoin purchases indicates a growing interest and adoption of cryptocurrencies in the Indian market.
Posted in
JUST IN