Metaplanet’s Latest Bitcoin Buy
Japanese bitcoin treasury firm Metaplanet has made another massive investment in digital assets. On Monday, the company purchased 5,268 BTC for 91.6 billion yen ($623 million), increasing its total holdings to 30,823 BTC.
The purchase price averaged 17.4 million yen ($118,328) per bitcoin, according to CEO Simon Gerovich, who confirmed the deal on X (formerly Twitter). With this acquisition, Metaplanet now ranks as the fourth-largest publicly traded bitcoin holder, trailing only MicroStrategy, Marathon Digital Holdings (MARA), and XXI.
Largest Bitcoin Purchases to Date
This latest acquisition follows Metaplanet’s record $632 million bitcoin purchase on September 21, the company’s biggest single buy so far. Together, these large-scale purchases highlight the firm’s aggressive expansion of its bitcoin treasury strategy, positioning it among the most influential corporate players in the cryptocurrency market.
Strong Q3 Performance
Alongside its bitcoin accumulation, Metaplanet reported a quarterly revenue of 2.438 billion yen ($16.5 million) in Q3, reflecting a 115.7% increase from Q2. Gerovich emphasized that these results demonstrate the company’s operational scalability and reinforce its financial foundation ahead of a planned preferred share issuance designed to fuel further bitcoin investments.
Expansion Plans and Share Issuance
In September, Metaplanet revealed plans to raise $1.4 billion by issuing 385 million new shares, with proceeds directed toward additional bitcoin acquisitions. The company has also approved the launch of a U.S. subsidiary, Metaplanet Income Corp., aimed at scaling its “bitcoin income generation” line through derivatives and related financial products.
Stock Market Reaction
Despite its aggressive bitcoin strategy, Metaplanet’s stock experienced volatility. On Monday, its Tokyo-listed shares dropped 10.26%, extending a 38% decline over the past month. However, the stock remains up 48.3% year-to-date. In the U.S. market, shares under the ticker MTPLF closed up 8.86% at $3.96 on Tuesday, reflecting investor optimism in international markets.
Bitcoin Price Update
Meanwhile, bitcoin (BTC) is trading at $114,488, up 0.44% in the past 24 hours
