Asian firms ramp up Bitcoin buys: Metaplanet, HK Asia lead charge
Asian investment firms are stepping up their Bitcoin accumulation strategies, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings leading the way.
Tokyo-based Metaplanet on April 24 that it acquired an additional 145 Bitcoin () for 1.9 billion Japanese yen (around $13.4 million), boosting its total holdings to 5,000 BTC.
Metaplanet CEO Simon Gerovich confirmed the company has reached 50% of its initial goal of amassing 10,000 BTC by the end of 2025.
Metaplanet CEO Simon Gerovich announcing Bitcoin purchase. Source:
The firm has been aggressive in its Bitcoin treasury operations, and Bitcoin income strategies, such as selling cash-secured BTC put options, to finance its acquisitions.
Since initiating its Bitcoin strategy, Metaplanet’s stock has surged over 3,000%. The company by the close of 2026.
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HK Asia Holdings to raise $8.35 million for BTC purchases
HK Asia Holdings Limited has also announced plans to raise approximately $65 million Hong Kong dollars ($8.35 million) by issuing new shares and convertible notes to potentially buy more BTC.
According to an April 23 filing, the company entered into share subscription and convertible note (CN) subscription agreements after trading hours.
The deal includes issuing 3,272,000 new shares at a subscription price of HK$4.01 per share, alongside convertible notes valued at HK$52.38 million in aggregate principal amount. The newly issued shares will represent about 0.82% of HK Asia Holdings’ total shares in circulation.
While the filing does not mention that HK Asia Holdings intends to use the funds to buy Bitcoin, many in the crypto community speculated that the capital raise is expected to fund further Bitcoin acquisitions.
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The speculation follows HK Asia’s February decision to step into Bitcoin markets. After , the firm doubled its share price within a day.
By Feb. 20, HK Asia , bringing its total to nearly 9 BTC at an average price of $97,021 per coin.
Shares in HK Asia were up by around 5.4% on April 24 at the Hong Kong stock market closing, to Google Finance.
Related:
Saylor’s Strategy champions Bitcoin strategy
Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, has championed the Bitcoin accumulation strategy by consistently issuing and at-the-market (ATM) equity offerings to fund aggressive Bitcoin purchases.
In February, Strategy announced through 0% senior convertible notes to purchase more Bitcoin.
As of April 20, Strategy held 538,200 BTC on its balance sheet. The figure includes the company’s for approximately $555.8 million.
