Metaplanet Buys 5,268 BTC for $623M, Becomes 4th Largest Public Bitcoin Holder

Metaplanet

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  • Metaplanet buys 5,268 BTC, bringing total holdings to 30,823 BTC.
  • Q3 revenue jumps 115.7%, supporting future bitcoin investments.
  • Stock volatility contrasts with firm’s long-term bitcoin strategy.

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Japanese bitcoin treasury company Metaplanet has made a massive move in the crypto space, acquiring 5,268 BTC for approximately 91.6 billion yen ($623 million). This purchase raises the firm’s total bitcoin holdings to 30,823 BTC, positioning it as the world’s fourth-largest publicly traded bitcoin treasury company, according to CEO Simon Gerovich. Only Strategy, MARA Holdings, and XXI surpass it in size.

The acquisition, made at around 17.4 million yen ($118,328) per bitcoin, follows a $632 million BTC purchase announced on September 21, marking Metaplanet’s largest single bitcoin buy to date.

Strong Financial Growth Supports Expansion

Metaplanet’s aggressive bitcoin accumulation aligns with robust financial results. The company reported a Q3 revenue of 2.438 billion yen ($16.5 million), a 115.7% increase from Q2. Gerovich highlighted that these results “demonstrate operational scalability and strengthen the financial foundation” for the firm’s upcoming preferred share issuance, which will further fund bitcoin purchases.

The company is planning to raise $1.4 billion by issuing 385 million new shares, earmarked primarily for bitcoin acquisitions. Additionally, a new U.S. subsidiary, Metaplanet Income Corp., has been approved to develop a bitcoin income generation line focused on derivatives and related activities.

Market Reaction and Bitcoin Performance

Despite the large acquisition, Metaplanet’s Japanese stock fell 10.26% on Monday, reflecting volatility amid aggressive treasury expansion. Over the past month, shares dropped 38%, though they remain up 48.3% year-to-date. Meanwhile, U.S.-traded shares (MTPLF) closed up 8.86% at $3.96 on Tuesday.

Also Read: Metaplanet Acquires Bitcoin.jp to Build Japan’s Leading Bitcoin Hub Amid Bold Expansion

Bitcoin itself has maintained stability, trading at $114,488, up 0.44% in the past 24 hours. Analysts note that large treasury purchases like Metaplanet’s can influence market sentiment, signaling confidence in bitcoin’s long-term value.

Metaplanet’s record-setting bitcoin acquisitions underline the growing trend of corporate bitcoin treasuries, as companies leverage digital assets for diversification and growth. With strong revenue growth, ongoing capital raises, and strategic expansions, Metaplanet is positioning itself as a key player in institutional bitcoin adoption.

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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.