Fidelity Seizes Crown as Largest Shareholder in Japan’s Bitcoin Powerhouse Metaplanet

Wall Street giant Fidelity just bulldozed its way to the top spot in Metaplanet—the Tokyo-based firm betting big on Bitcoin as a treasury asset. Move over, traditional finance—the whales are diving deeper into crypto waters.

Why it matters: When a $4.3 trillion asset manager doubles down on a Bitcoin-focused Asian firm, it’s not a ‘side bet’—it’s a strategic invasion. Metaplanet’s stock has been on a tear since pivoting to BTC, and now Fidelity’s muscle could turbocharge its corporate treasury playbook.

The cynical take: Because nothing says ‘stable store of value’ like a volatile crypto asset backed by a company that probably still uses fax machines. Welcome to 2025’s hybrid finance dystopia.

Metaplanet solidifies position as a top-five corporate holder of BTC

Meanwhile, the recent development represents a positive sign for Metaplanet as the company continues down the path towards accumulating more BTC. It recently acquired 797 BTC for $93.6 million, putting the average price $117,451 for each BTC. With that move, its Bitcoin holdings increased to 16,352 BTC bought for $1.64 billion.

While this pales in comparison to the over 600,000 BTC that Strategy holds, Metaplanet has quietly climbed up in the rankings of public corporate holders of BTC over the past few months and now sits at number five.

Metaplanet’s new target is now to have 210,000 BTC by the end of 2027, and the company has said it WOULD use its Bitcoin holdings as collateral to secure capital for investing in other cash-generating businesses.

Metaplanet stock sees decline amidst Bitcoin profit taking

Despite the positive news of growing adoption for Metaplanet, the company’s stock has sharply declined today, falling almost 8% in the past 24 hours to 1,436 Yen. The decline marks a month-long performance that has seen it fall 24.22% in value.

Nevertheless, the stock is up 301% year to date, highlighting its overwhelming performance compared to several other Bitcoin treasury stocks. MSTR has only gained 53% while MARA is up 12.49%. Even BTC value has only increased by 23.69% in 2025

However,  Metaplanet’s recent decline in value is due to the profit taking that has caused BTC value to drop almost 4% in the past 24 hours, sliding to $116,000. With the flagship assets hitting a new ATH, several traders are already taking profit.

In one instance,  a long-time BTC holder moved 40,000 BTC to Galaxy Digital in what is likely a massive selloff after being inactive for 14 years. This potential sale of over $4 billion worth of BTC was enough to spook the market, with other tokens also falling in value.

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