Metaplanet Inc., a Tokyo-headquartered Japanese public company, has just announced a, once again, strengthening of its holdings in Bitcoin. The Company’s board of directors has just resolved to inject ¥250 million in Bitcoin, equal to $1.6 million USD at the date of this writing, into its treasury, adding to its growing reserves of the world’s most popular digital asset.

Metaplanet has described in detail its accounting policy for its Bitcoin assets. Bitcoins acquired as a long-term investment are valued at acquisition cost, with no subsequent remeasurement. Bitcoins held for trading purposes are revalued at each reporting date, with any changes in fair value being recognized as an unrealized gain or loss in the non-operating income section, thereby ensuring both transparency and being in line with the market.

This purchase is strategic and is in accordance with an existing trend among companies worldwide that acknowledge Bitcoin as a valid asset. At the beginning of the month, Metaplanet acquired an additional 19.87 BTC for ¥200 million, reconfirming its strategy in integrating the use of cryptocurrency into its financial planning.

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