Metaplanet Doubles Down: Snags 797 Bitcoin at Peak Prices—Now Holds a Whopping 16,352 BTC
Tokyo’s crypto whale Metaplanet just dropped another $50M+ on Bitcoin—right as prices hit record highs. Bold move or reckless FOMO? Here’s the breakdown.
The Stack Grows
797 fresh BTC joins their treasury, pushing total holdings to 16,352 coins. That’s roughly $1.1B at current prices—enough to make even MicroStrategy blink.
Timing Is Everything
Buying at all-time highs screams either diamond-handed conviction or a masterclass in chasing momentum. Traders are split: ‘Genius accumulation’ vs. ‘proof even corporations get greedy.’
The Bigger Play
With Japan’s yen in shambles, Metaplanet’s betting hard on Bitcoin as a hedge. Because nothing says ‘trust the system’ like dumping cash into volatile internet money.
Metaplanet’s Sole Focus on BTC Accumulation – Is 210,000 BTC by 2027 Possible?
As the Bitcoin treasury space grows and matures, it’s worth paying attention to possible divergences between Michael Saylor’s Strategy (formerly MicroStrategy) and its imitators.
Metaplanet’s Bitcoin holdings do not produce cash flow, and as a result, it needs to take loans out on it. The more interest rates on BTC-backed loans drop over time, the better it is for Metaplanet.
Further, the firm is aiming for a stash of 210,000 BTC by the end of 2027: in other words, Metaplanet wants to multiply its current holdings by more than 13.
Though this might seem like a tall order, it is less than half of Strategy’s current 597,325 BTC stash.
Seamus Rocca, CEO of Xapo Bank, told Cryptonews that corporate treasury allocations to Bitcoin “shouldn’t be about chasing trends or building oversized positions.”
“It is vital to remember that firms like Strategy and Metaplanet represent high-conviction outliers, headline grabbers with bold strategies that align with their unique business aims,” he said over email. “For most, a more measured approach will be better suited. One grounded in long-term belief, not short-term reliance on volatility.”
Last week, Metaplanet purchased 2,205 more Bitcoins, adding to its aggressive Bitcoin buying spree. It has expanded its holdings from under 4,000 Bitcoin in March to over 15,500 BTC in July, quadrupling its position in just four months.