Asian Giants Accelerate Bitcoin Accumulation as Metaplanet and HK Asia Push Forward

Asian Giants Accelerate Bitcoin Accumulation as Metaplanet and HK Asia Push Forward

Japan and Hong Kong Firms Signal Confidence with Multi-Million Dollar BTC Strategies

In a bold show of confidence in Bitcoin’s future, two Asian powerhouses—Japan’s Metaplanet and Hong Kong’s HK Asia Holdings—are ramping up their Bitcoin acquisition strategies, echoing moves seen by institutional giants like MicroStrategy.

The race to stockpile BTC comes as Bitcoin hovers above $92,000, and Asian firms are now increasingly emerging as key players in the corporate crypto treasury game.

Metaplanet Hits 5,000 BTC Milestone in Aggressive Bitcoin Campaign

On April 24, Tokyo-based Metaplanet announced the purchase of an additional 145 BTC, worth approximately 1.9 billion Japanese yen (around $13.4 million USD). With this acquisition, the company’s total Bitcoin holdings now sit at 5,000 BTC, marking the halfway point toward its 10,000 BTC target by the end of 2025.

“This milestone is only the beginning,” said Simon Gerovich, CEO of Metaplanet, who emphasized the firm’s long-term vision of reaching 21,000 BTC by 2026.

To fund these purchases, Metaplanet is deploying creative financial tactics, including bond issuances and cash-secured BTC put options, enabling it to generate capital while simultaneously increasing its crypto exposure.

Since initiating its Bitcoin-focused strategy, Metaplanet’s stock price has surged more than 3,000%, highlighting strong investor sentiment and belief in its BTC thesis.

HK Asia Holdings Eyes $8.35M Raise for Potential Bitcoin Buys

Meanwhile, HK Asia Holdings is moving fast to increase its Bitcoin footprint. On April 23, the Hong Kong firm filed plans to raise HK$65 million (approximately $8.35 million USD) via new shares and convertible notes—a move that’s sparking speculation about more Bitcoin purchases.

• The plan involves issuing 3.27 million new shares at HK$4.01 per share.

• Additionally, convertible notes worth HK$52.38 million will be offered.

Although the company hasn’t explicitly confirmed the funds will go toward BTC, its recent crypto activity tells a compelling story.

After its first BTC purchase on February 16, HK Asia saw its stock price double within 24 hours. Days later, it added another 7.88 BTC, bringing its total to nearly 9 BTC at an average cost of $97,021 per coin.

As of April 24, HK Asia shares rose 5.4%, reinforcing confidence that investors are onboard with its digital asset direction.

MicroStrategy’s Blueprint Inspires Asian Market Players

Both Metaplanet and HK Asia appear to be drawing inspiration from Michael Saylor’s Strategy, which remains the largest corporate holder of Bitcoin globally.

As of April 20, Strategy holds a staggering 538,200 BTC, with its most recent acquisition being 6,556 BTC for $555.8 million.

The firm continues its approach of using convertible notes and ATM equity offerings to expand its crypto treasury—an approach now being mirrored across the globe, from North America to Asia.

Bitcoin’s Institutional Wave Expands Eastward

The strategic moves by Metaplanet and HK Asia signify a growing institutional appetite for Bitcoin in Asia. As traditional firms increasingly turn to BTC as a hedge, a store of value, and a bold growth play, Asia’s footprint in the Bitcoin ecosystem is getting stronger by the day.

With Bitcoin adoption picking up pace among corporate treasuries, the race to accumulate BTC is becoming truly global—and Asia isn’t just participating; it’s leading.