Key Takeaways
- Bitcoin treasuries now hold 3.6 million BTC, or roughly $414 billion.
- Altcoins such as Ethereum are increasingly being leveraged as treasury assets.
- Japan’s Metaplanet is targeting 210,000 BTC by the end of 2027.
Bitcoin’s (BTC) appeal to institutional investors continues to grow, as Japanese artificial intelligence (AI) firm Quantum Solutions now views the premier crypto as a “long-term, strategic reserve instrument.”
Bitcoin Treasuries
As per the firm’s announcement, the firm plans to officially launch its Bitcoin treasury and acquire 3,000 BTC over the next 12 months.
With Bitcoin at $115,500, this would mark a $350 million spend. It’ll kick things off with an initial investment of $10 million.
The treasury will be managed by its wholly owned Hong Kong subsidiary called GPT Pals Studio Limited.
Francis Zhou, Quantum Solutions CEO, wrote:
“As a debt-free company, we are uniquely positioned to build a Bitcoin-first capital structure. Our goal is not only to accumulate Bitcoin, but to do so with institutional-grade discipline.”
As per BitcoinTreasuries data, there’s been a notable uptick in activity as an additional 20 entities have added BTC to their balance sheets over the past 30 days.
Naturally, this has led to a 3.85% increase in the amount of BTC held in treasuries, from 3.6 million BTC to 3.7 million BTC, an increase of approximately 138,600 BTC.
Competition
Although most of the top BTC holding firms are U.S.-listed, Japan is home to the seventh-largest BTC treasury in the world, Metaplanet.
Following in the footsteps of Michael Saylor’s Strategy (formerly MicroStrategy), Metaplanet’s aggressive pursuit of BTC has seen it acquire 16,352 BTC in just over a year.
This pivot caused the former hotelier business to become one of Japan’s greatest success stories, and in the past year has seen its stock rise by over 430%.
It’s now pursuing a 100,000 BTC portfolio by the end of 2026, and 210,000 by the end of 2027.
Japanese entertainment firm NEXON owns 1,717 BTC, and energy company Remixpoint owns 1,051, ranking them 27th and 34th amongst the competition.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
