TLDR
- Metaplanet acquired 5,419 Bitcoin for $632 million, becoming the fifth-largest corporate Bitcoin holder worldwide
- Total holdings now stand at 25,555 BTC worth approximately $2.91 billion at current market prices
- The purchase elevates Metaplanet past Peter Thiel-backed Bullish exchange in corporate Bitcoin rankings
- Company has achieved 85.2% of its year-end 2025 target of 30,000 Bitcoin
- Stock fell 0.50% to 605 JPY despite the major Bitcoin treasury expansion
Tokyo-listed Metaplanet has vaulted into the top five corporate Bitcoin holders globally after purchasing 5,419 BTC worth $632.53 million. The acquisition was completed at an average price of $116,724 per Bitcoin.
The purchase brings Metaplanet’s total Bitcoin treasury to 25,555 BTC, valued at approximately $2.91 billion at current prices. The company has spent $2.71 billion acquiring these coins at an average cost of $106,065 per Bitcoin.
This latest buy pushes Metaplanet past Peter Thiel-backed Bullish crypto exchange in the corporate Bitcoin rankings. The Japanese firm now trails only MicroStrategy, Marathon Digital, Semler Scientific, and Bitcoin Standard Treasury Company according to Bitcoin Treasuries data.
Dylan LeClair, Metaplanet’s director of Bitcoin Strategy, confirmed this was just the first tranche of planned purchases. The acquisition was funded through the company’s recently completed $1.45 billion international share offering.
Progress Toward 30,000 Bitcoin Target
The purchase positions Metaplanet at 85.2% of its year-end 2025 target of 30,000 BTC. The company has also set an ambitious goal of reaching 100,000 Bitcoin by 2026.
Metaplanet reported a BTC yield of 395.1% year-to-date for 2025 under its accelerated Bitcoin strategy. For the third quarter alone, the company achieved a 10.3% BTC yield from July 1 to September 22.
President Simon Gerovich described Bitcoin treasury operations as the company’s “engine of growth.” These operations officially became a business line in December 2024, generating consistent revenue and net income.
Stock Performance Despite Bitcoin Investment
Metaplanet stock declined 0.50% to 605 JPY following the Bitcoin purchase announcement. The stock has fallen over 27% in the past month as institutional investors including Morgan Stanley, Jefferies, and UBS increased short positions.
The short selling activity has reduced the stock’s year-to-date return to 74%. However, the company’s U.S. listing (MTPLF) gained 3.81% to $4.09 on Friday, maintaining an 83% year-to-date increase.
Metaplanet recently established new subsidiaries in the United States and Japan to expand its Bitcoin income generation business. The company created Metaplanet Income Corp., a Miami-based subsidiary with $15 million in capital for derivatives operations.
The firm also gained inclusion in the FTSE Japan Index after being upgraded from small-cap to mid-cap status. Bitcoin traded at $114,685 during the announcement, down more than 1% from previous levels.
