Metaplanet Boosts Bitcoin Holdings with $54.4M Buy, Eyes Top Corporate Spot

Metaplanet has made another significant acquisition as it intensifies its ambition to become the largest corporate Bitcoin holder. The Tokyo-listed company, having transitioned to a Bitcoin treasury firm, is now one of the largest publicly listed Bitcoin holders in Asia.

In Brief

• Metaplanet added 463 BTC, increasing its total to 17,595 BTC.
• The company plans to raise $3.6 billion through bonds to acquire up to 210,000 BTC.
• Despite recent purchases, Metaplanet remains behind leaders like MicroStrategy and Marathon Digital.

Bitcoin Holdings Surge with $54.4M Investment

On Monday, Metaplanet disclosed the purchase of an additional 463 BTC, bringing its total Bitcoin holdings to 17,595 BTC. This acquisition cost approximately $54.4 million (¥7.995 billion) at an average price of $117,420 (¥17.27 million) per Bitcoin. The company's average cost per Bitcoin stands at ¥14.85 million ($101,010). Adjusted for current market prices, Metaplanet's Bitcoin holdings are valued at about $1.78 billion (¥261.28 billion). This purchase follows a recent capital raise via perpetual preferred stock issuance. On August 1, Metaplanet announced plans to raise $3.7 billion (¥555 billion) by issuing bonds. These funds are intended to facilitate the acquisition of up to 210,000 Bitcoin over the next two years, positioning the company to challenge top corporate holders like Michael Saylor’s MicroStrategy.

Share Expansion and Preferred Stock Plan to Accelerate Bitcoin Growth

Alongside bond issuance plans, Metaplanet proposed increasing its authorized share count to ¥2.72 billion and introducing perpetual preferred shares with varying risk profiles and convertibility options. Simon Gerovich, CEO of Metaplanet, explained this strategy aims to diversify capital-raising tools and enhance long-term shareholder value:

"Our goal is to have multiple tools to raise capital for buying Bitcoin. On a Bitcoin standard, the mission is to continuously grow Bitcoin per share. Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value."

Since pivoting to a Bitcoin treasury less than a year ago, Metaplanet has adopted an aggressive accumulation model, mirroring the strategy of the leading corporate BTC holder, MicroStrategy.

Metaplanet Among Top Bitcoin Treasuries

According to BitBo data as of August 4, 2025, Metaplanet ranks as the sixth-largest Bitcoin treasury. Michael Saylor’s MicroStrategy remains the dominant leader, holding more than twice the combined total of the next five largest holders. Top corporate Bitcoin holders include:
• MicroStrategy: 628,791 BTC valued at $72.27 billion.
• Marathon Digital: 49,951 BTC valued at $5.74 billion.
• Twenty One Capital: 37,229 BTC valued at $4.28 billion.
• Bullish: 24,340 BTC valued at $2.80 billion.
• Riot Platforms: 19,273 BTC valued at $2.22 billion.
Metaplanet has utilized equity offerings, bond issuances, and other capital market activities to fund its Bitcoin purchases. In July, the company completed bond redemptions and issued preferred stock, raising capital for its recent Bitcoin accumulation. At the time of writing, Bitcoin trades around $115,161 after a week of underperformance.

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Source: Originally published at Cointribune on August 5, 2025.

Frequently Asked Questions (FAQ)

Metaplanet's Bitcoin Strategy

Q: What is Metaplanet's primary goal? A: Metaplanet's primary goal is to become the largest corporate Bitcoin holder globally. Q: How much Bitcoin did Metaplanet recently acquire? A: Metaplanet recently acquired an additional 463 BTC. Q: What is Metaplanet's total Bitcoin holding after the recent purchase? A: After the recent purchase, Metaplanet's total Bitcoin holdings amount to 17,595 BTC. Q: What is Metaplanet's average cost per Bitcoin? A: Metaplanet's average cost per Bitcoin is ¥14.85 million ($101,010). Q: What are Metaplanet's future acquisition plans? A: Metaplanet plans to raise $3.6 billion through bonds to acquire up to 210,000 BTC over the next two years. Q: How does Metaplanet plan to fund its Bitcoin acquisitions? A: Metaplanet utilizes various capital-raising methods, including equity offerings, bond issuances, and preferred stock issuance. Q: How does Metaplanet's Bitcoin strategy benefit shareholders? A: Metaplanet's CEO, Simon Gerovich, stated that their strategy aims to grow Bitcoin per share and maximize long-term shareholder value by diversifying capital-raising tools. Q: Where does Metaplanet rank among corporate Bitcoin holders? A: According to BitBo data as of August 4, 2025, Metaplanet ranks as the sixth-largest Bitcoin treasury.

Crypto Market AI's Take

Metaplanet's aggressive Bitcoin accumulation strategy highlights a growing trend among publicly listed companies to adopt Bitcoin as a treasury reserve asset. This move, while ambitious, reflects a belief in Bitcoin's long-term value proposition. Companies like Metaplanet are actively leveraging diverse financial instruments, including bond issuances and preferred stock, to fuel their digital asset acquisition. This sophisticated approach to capital management is crucial for scaling such treasury strategies. For investors interested in understanding how various companies are integrating digital assets into their financial frameworks, our insights into corporate cryptocurrency adoption and market analysis provide valuable context.

More to Read:

• Metaplanet Aims for 100,000 Bitcoins by 2026 with an Unprecedented Strategy
• MicroStrategy's Bitcoin Holdings Surge Past 100,000 BTC
• Understanding Bitcoin's Volatility: A Guide for Investors