Metaplanet and Conbano, two leading Japanese Bitcoin financial strategies, announced additional purchases on Monday. Metaplanet has performed 10 acquisitions in the last 10 weeks, earning a total of 7,791 BTC.
The activity highlights how Japanese companies diversify their balance sheets to prevent the weakening of the yen and uncertainty of sustained monetary policy.
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Tokyo-based Metaplanet Inc. accelerated its Bitcoin acquisition strategy, purchasing 136 BTC for $15.3 million. Based on the company’s average acquisition cost, this will result in a total holding of 20,136 BTC, worth around $2.07 billion. Over the past 10 weeks, Metaplanet has consistently purchased Bitcoin weekly, carrying out 10 separate acquisitions totaling 7,791 BTC.
The company consistently emphasizes that Bitcoin is a strategic reserve asset that is part of a long-term balance sheet diversification policy designed to enhance shareholder value. Its financial performance metrics highlight the impact of this approach. From July 1st to September 8th, Metaplanet reported a 30.8% Bitcoin yield. Previous quarters recorded a yield of 129.4% in the second quarter of 2025, 95.6% in the first quarter of 2025, and an extraordinary 309.8% in the fourth quarter of 2024.
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Yields are calculated by comparing total BTC holdings with fully diluted unpaid stocks, compared to previous baseline periods. The company will also track “BTC gain.” This separates the accumulation of Net Bitcoin from financial strategies, while excluding the effects of dilution. Metaplanet’s cumulative BTC Yen acquisition for the current quarter reached $458 million, calculated using reference prices published in Japanese exchange Bitflyer.
Metaplanet funds these acquisitions by exercising warrants and redemption of bonds, maintaining what it describes as a disciplined and systematic approach. Analysts note that this is the company’s one of Asia’s largest corporate Bitcoin holders.
Convano: The first step in the 21,000 Bitcoin Plan
Convano Inc., the nail salon chain’s best known beauty and retail services group, has announced ambitious plans to purchase $136 million worth of Bitcoin by November 2025. Investments are funded through revenue from the fifth regular bond issuance.
The acquisition represents the first phase of Convano’s “21,000 Bitcoin Financial Completion Plan,” which aims to hold 21,000 BTC (0.10% of total supply by March 2027.
Management positions Bitcoin as a key “valuable storage” within the Corporate Treasury Department, seeking protection against yen depreciation and inflation risk. The company also highlighted non-hedging strategic considerations, such as increasing shareholder value, consistency in capital policy and building a distinctive digital asset brand identity.
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Convano claims that increased institutional investor participation will improve market liquidity and price discovery, creating favorable terms for large-scale corporate entries. Its initiative is one of the most important cryptocurrency commitments in Japan’s beauty and retail industry.
Wideer impact on Japan’s corporate financial strategy
The two announcements highlight the changing corporate attitudes in Japan towards Bitcoin as a financial asset. The sustained low interest rates and exchange rate volatility have encouraged some companies to explore digital assets as an alternative to cash holdings.
Metaplanet’s stock price has skyrocketed above 1,700% since adopting a Bitcoin-centric strategy, but it warns that multiple factors beyond digital assets will affect the stock market. Convano’s entry shows how non-financial companies integrate cryptocurrencies into capital plans.
Analysts suggest that these moves could accelerate wider adoption among Japanese companies with large cash reserves. The success of early adopters could encourage traditional companies to view Bitcoin as a viable reserve asset rather than a speculative measure.
