Metaplanet’s Bitcoin Bonanza: 518 BTC Purchase Pushes Reserves Past 18,000

Tokyo-listed Metaplanet just doubled down on its bitcoin bet—hard. The firm scooped up another 518 BTC this week, pushing its total stash past the 18,000 mark. That’s roughly $1 billion worth of digital gold at current prices—enough to make even Wall Street’s most jaded goldbugs wince.

Why the aggressive accumulation? The company’s been vocal about hedging against Japan’s weakening yen and inflation risks. Because nothing says 'stable store of value' like an asset that can swing 10% before lunch.

This latest buy cements Metaplanet’s position as Asia’s most bitcoin-obsessed public company. Meanwhile, traditional finance still can’t decide if crypto is a revolution or a Ponzi scheme—but hey, at least they’ve got those 0.01% yield savings accounts.

Metaplanet Taps Innovative Financing Tools to Fuel Bitcoin Push

To finance this expansion, the company has relied on unconventional funding methods such as zero-interest bonds, moving-strike warrants and perpetual preferred stock issuances.

The latest acquisition followed an Aug. 1 filing for a shelf registration to raise up to 555b yen (about $3.74b) through perpetual preferred shares.

In the same proposal, Metaplanet sought to increase its authorized share count to 2.72b and introduce two classes of perpetual preferred shares, each with distinct risk and conversion features. The move, the company said, is designed to align financing flexibility with investor preferences.

Zero-Interest Bonds, Warrants and Preferred Shares Drive BTC Buys

Metaplanet’s earlier fundraising efforts have also been substantial. It issued 270.36b yen (about $1.82b) in zero-interest convertible bonds and secured 9.09b yen (about $61.25m) through moving-strike warrants. The firm additionally raised 12.75b yen (about $85.91m) by issuing perpetual preferred shares to strategic investors.

The company has also executed smaller tactical financings, such as a 14.93m yen (about $100,600) share issuance and a 17.54m yen (about $118,200) preferred stock sale. These, while modest in size, have contributed to maintaining its steady buying pace.

Metaplanet’s strategy is predicated on the belief that Bitcoin will continue to appreciate over the long term, serving both as a store of value and a hedge against currency depreciation. The company’s aggressive acquisition schedule has already made it the largest corporate Bitcoin holder in Asia.

Plan Puts Firm Among World’s Largest Institutional Bitcoin Buyers

Analysts note that the scale of the plan puts Metaplanet in the same league as the biggest institutional Bitcoin buyers worldwide. This signals a growing mainstream acceptance of Bitcoin as a corporate treasury asset. However, the size of its financing program also raises concerns. The concentration in a single, volatile asset carries risk, especially if market conditions shift.

Gerovich has maintained that the approach is calculated. He says each financing instrument is designed to optimize shareholder value while advancing the BTC target. Further, the firm continues to see strong investor appetite for its preferred shares and convertible bonds. This, he believes, is evidence of market confidence in its vision.

If Metaplanet meets its 210,000 BTC goal by 2027, it will reshape its balance sheet and cement its position as one of the most influential corporate players in the cryptocurrency sector.