Metaplanet Buys 463 Bitcoin After Price Dip, Eyes 1% of Total Supply by 2027

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Metaplanet

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Key Takeaways:

  • Metaplanet bought 463 BTC for $53.7M after Bitcoin’s 5% weekend dip.
  • The firm now holds 17,595 BTC, worth over $2B, targeting 210K BTC by 2027.
  • New capital via preferred stock will fund more purchases without adding debt.

Japanese investment firm Metaplanet has become the first public company to capitalize on Bitcoin’s August downturn, purchasing 463 BTC on Monday for 8 billion yen ($53.7 million). The move follows a 5% weekend drop in Bitcoin’s price and brings Metaplanet’s total holdings to 17,595 BTC, valued at over $2 billion.

The acquisition, at an average price of $115,895 per BTC, reinforces Metaplanet’s long-term strategy to amass 1% of Bitcoin’s total supply (210,000 BTC) by the end of 2027—an ambition it is now 8.4% of the way toward achieving.

Following Saylor’s Bitcoin Playbook

Metaplanet’s aggressive accumulation strategy mirrors that of Michael Saylor’s Strategy, the largest corporate holder of Bitcoin with over 628,700 BTC. On Friday, Metaplanet announced plans to issue ¥3.73 billion ($23.6 million) in perpetual preferred shares, a fundraising method similar to Strategy’s, allowing the firm to raise capital without diluting existing shareholders or adding debt.

The preferred stock will carry an annual dividend of up to 6%, depending on market demand—giving Metaplanet a long-term capital base for further BTC acquisitions.

Public Companies Ramp Up Bitcoin Stacking

Metaplanet’s latest purchase comes amid a surge in corporate Bitcoin activity. In the last week of July alone, 16 firms collectively added over $7.8 billion in crypto to their treasuries. However, the start of August saw $812.3 million in outflows from spot US Bitcoin ETFs, marking one of the biggest single-day exits in history.

Despite this volatility, Metaplanet remains steadfast in its Bitcoin thesis, betting on long-term upside over macroeconomic uncertainty.

Metaplanet’s move to buy the dip not only solidifies its position as the seventh-largest corporate Bitcoin holder, but also signals continued confidence in Bitcoin’s long-term value proposition. With a bold 210K BTC target and innovative funding mechanisms in place, the firm is clearly positioning itself as a serious contender in the global Bitcoin accumulation race.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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