- Metaplanet bought 5,268 BTC worth $623M, bringing its total holdings to 30,823 BTC.
- The company is now the fourth-largest public Bitcoin holder, behind Strategy, MARA, and XXI.
- Despite stock volatility, Metaplanet continues to fund expansion via equity raises and U.S. subsidiaries.
Metaplanet, the Tokyo-based Bitcoin treasury company, has cemented its place among the largest corporate holders of BTC. The firm announced a fresh acquisition of 5,268 BTC, worth roughly $623 million, bringing its total stash to 30,823 BTC. According to CEO Simon Gerovich, this move elevates Metaplanet to the fourth-largest publicly traded Bitcoin holder, trailing only Strategy, MARA Holdings, and XXI.
$620M Buy Pushes Holdings Higher
The company said the purchase was made at an average price of 17.4 million yen per coin (about $118,328). This follows its September 21 acquisition of $632 million worth of Bitcoin, which marked the firm’s single largest buy to date. Together, these massive purchases showcase Metaplanet’s aggressive accumulation strategy as it doubles down on digital assets.
Treasury Growth Backed by Equity Raises
Metaplanet is not only buying BTC but also scaling its capital base. Last month, the firm announced plans to raise $1.4 billion through the issuance of 385 million new shares, earmarked for further Bitcoin purchases. It also established Metaplanet Income Corp., a U.S. subsidiary focused on derivatives and income-generating strategies tied to its Bitcoin reserves.
Stock Moves Amid Treasury Expansion
Despite its bold treasury strategy, Metaplanet’s stock performance has been volatile. Shares in Japan dropped 10.26% on Monday and are down 38% over the past month, though they remain up 48.3% year-to-date. In contrast, U.S.-traded shares (MTPLF) closed 8.86% higher at $3.96 on Tuesday. Meanwhile, Bitcoin itself was trading at $114,488, up 0.44% in the last 24 hours.
