Metaplanet, a publicly listed Japanese investment firm, has made a strategic move by embracing Bitcoin as a fundamental component of its treasury assets, echoing the pioneering steps taken by MicroStrategy, an American corporate giant.

In a bold step reflecting the growing significance of digital assets, Metaplanet has allocated 1 billion yen ($6.5 million) towards Bitcoin, underscoring its commitment to embracing the emerging Web3 and metaverse realms. Notable backers, including Sora Ventures, UTXO Management, Mark Yusko of Morgan Creek Capital, and Jack Liu, a founding member of Ordiswap, have lent their support to this visionary decision.

Drawing parallels to MicroStrategy's groundbreaking approach, Metaplanet's adoption of Bitcoin serves as a catalyst for Japanese investors seeking exposure to digital currencies while mitigating regulatory uncertainties. The move has already triggered significant market momentum, with Metaplanet's stock price surging by 89% post-announcement.

In an official announcement, Metaplanet hailed the decision as a pivotal milestone, positioning the firm as a trailblazer in Japan's embrace of digital assets.

MicroStrategy, under the stewardship of CEO Michael Saylor, has been a vanguard in mainstreaming Bitcoin adoption among corporate entities. Since August 2020, MicroStrategy has steadily accumulated Bitcoin, amassing over 214,246 BTC at an average purchase price of $33,706.00 per BTC, currently valued at over $15 billion.

Saylor's unwavering commitment to Bitcoin as a treasury-hedging asset, even during challenging market conditions, has set a precedent for other corporations. His advocacy has resonated globally, influencing corporate strategies and even securing a significant investment from Tesla CEO Elon Musk in January 2021.