Metaplanet Tops Bitcoin Holdings with $623 Million Fresh Buy

Metaplanet, a leading Japanese Bitcoin-focused treasury firm, has added another 5,268 BTC worth 91.6 billion yen, equivalent to $623 million, to its crypto stash. This fresh buy underlines Metaplanet’s ongoing commitment to long-term growth of its Bitcoin treasury and diversification of its operations.

Metaplanet Becomes Fourth-Largest Public Bitcoin Treasury

The recent purchase was made at 17.4 million yen per Bitcoin, roughly $118,328 per coin, bringing the company’s total Bitcoin holdings to 30,823 BTC. 

In a recent X post, Metaplanet CEO Simon Gerovich shared that this latest buy positioned Metaplanet to be the fourth-largest publicly traded Bitcoin treasury in the world. The Japan-based firm is now behind

Michael Saylor-led company Strategy, MARA, and XXI.

This acquisition follows the firm’s record-breaking $633 million Bitcoin purchase announced on September 22, marking the largest single addition to Metaplanet’s holdings to date. Together, the acquisitions show a deliberate strategy to grow the company’s Bitcoin treasury. It also demonstrates Metaplanet’s aim to capitalize on market opportunities as they arise.

Metaplanet Posts Strong Q3 Results Amid Expansion  Plans

Beyond its crypto strategy, Metaplanet reported impressive financial results in the third quarter. The company’s revenue reached 2.438 billion yen, equivalent to $16.5 million, representing a 115.7% increase from Q2. 

Simon Gerovich emphasized that the strong results demonstrate the company’s operational scalability and reinforce its financial foundation for strategic initiatives. This includes a planned preferred share issuance designed to support the broader Bitcoin Treasury strategy.

In line with its growth strategy, Metaplanet is actively preparing for future growth. The company announced plans to raise $1.4 billion by issuing 385 million new shares, with the proceeds dedicated to additional Bitcoin purchases. 

Furthermore, the company’s board recently approved the establishment of a U.S. subsidiary, Metaplanet Income Corp., aimed at scaling a Bitcoin income generation business. This new venture will focus on derivatives and related activities, adding a revenue-generating dimension to the firm’s treasury holdings.

Market Reactions and Bitcoin Performance

Despite the high-profile acquisition, Metaplanet’s stock in Japan fell 10.26% on Monday, according to Yahoo Finance. 

This decline continued a downward trend of 38% over the past month. However, the company remains up 48.3% year-to-date. In the United States, MTPLF shares closed up 8.86% at $3.96 on Tuesday, reflecting investor interest in Metaplanet’s growth strategy. 

Meanwhile, Bitcoin’s price remained steady, trading at $116,632, a 2.93% increase in the past 24 hours, according to CoinMarketCap data. Despite some ups and downs, experts are hopeful that the overall crypto market is still strong. Analysts at XWIN Research Japan say data from long-term Bitcoin holders and the MVRV ratio show the market is holding up well.

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