Metaplanet Inc. (3350) has strategically acquired an additional 1,009 bitcoins, bringing its overall holdings to a notable 20,000 BTC. This recent purchase surpasses Riot Platforms (RIOT), positioning Metaplanet as the corporation with the sixth-largest cryptocurrency treasury.

The transaction, valued at approximately 16.5 billion yen (equivalent to $112 million), showcases the firm’s dedication to developing bitcoin as a key reserve asset. To date, Metaplanet has invested about 302.3 billion yen, reflecting an average expenditure of 15.1 million yen per BTC, according to recent reports released on Monday.

Metaplanet’s aggressive expansion in bitcoin holdings marks it as the leading publicly traded entity in Asia to adopt cryptocurrency extensively. The recent yield from its bitcoin accumulation stands at an impressive 30.7% from July 1 to September 1, while its market value ratio remains just under 2.

The market reaction has not been favorable, as shares dropped 5.5%, closing at 831 yen.