Japanese Firm Becomes Sixth Largest Public Bitcoin Holder
Metaplanet, Japan’s leading bitcoin treasury company, has announced another major purchase of 1,009 BTC worth approximately $112 million, pushing its total bitcoin holdings to 20,000 BTC. This milestone makes Metaplanet the sixth largest public corporate holder of Bitcoin globally, according to data from Bitcointreasuries.net.
New Purchase and Strategic Goal
The company disclosed on Monday that the recent acquisition was made at an average price of $111,068 per BTC, totaling 16.48 billion Japanese yen. This announcement comes less than three months after Metaplanet revealed that it had reached 10,000 BTC.
Earlier this year, the firm revised its year-end target to 30,000 BTC, tripling its original goal of 10,000 BTC. This aggressive strategy underscores Metaplanet’s confidence in Bitcoin as a primary reserve asset.
Meanwhile, Bitcoin is trading at $107,605, down 1.53% in the last 24 hours, reflecting broader market volatility despite Metaplanet’s bullish stance.
Future Plans and Capital Raising
To accelerate its accumulation strategy, Metaplanet recently announced plans to raise 130 billion yen (around $880 million) through an international share offering, with most of the proceeds earmarked for additional Bitcoin purchases over the next two months.
Metaplanet CEO Simon Gerovich previously stated that the company may borrow against its bitcoin holdings to fund acquisitions of cash-generating businesses in the future, signaling a broader vision beyond crypto accumulation.
Following the announcement, Metaplanet’s stock slipped 2.62% during Monday morning trading in Japan, while its U.S.-listed shares closed last Friday at $6.11, up 0.83%.
With its latest purchase, Metaplanet strengthens its position as a top institutional Bitcoin holder, joining the ranks of companies like MicroStrategy and Marathon Digital. The firm’s rapid accumulation highlights the growing trend of corporate Bitcoin adoption as a hedge against inflation and currency debasement.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.