Metaplanet Doubles Down: Snaps Up 518 Bitcoin in Bold Bet Against Fiat Chaos

Tokyo-listed Metaplanet just dropped a Bitcoin bomb—adding 518 BTC to its treasury while traditional markets play musical chairs with inflation data.

Why this move matters: The firm's now hoarding digital gold like a dragon guarding its vault, signaling a brutal vote of no-confidence in central bank monetary roulette.

By the numbers: 518 fresh coins scooped up at today's prices puts their stash firmly in 'institutional whale' territory—because apparently, corporate balance sheets make better HODLers than your average crypto Twitter guru.

Cynical finance bonus: Meanwhile, legacy funds still allocating 1% to BTC 'for diversification' are busy explaining to clients why their bond portfolios got wrecked... again.

• Metaplanet spent over $1 billion to purchase an additional 518 BTC in the early hours of today.
• So far, Metaplanet has successfully transitioned into blockchain technology and built its Bitcoin treasury through selling preferred stocks.

Metaplanet has once again added more Bitcoin to its reserve stash. A few hours ago, the investment firm shared a post on its official X page confirming the purchase of about 518 BTC. The cryptocurrency was bought for about $101,911 per BTC, making up over $52 million for the total purchase.

Metaplanet is a well-known public Japanese investment company that pursues interests in blockchain-based services and web3 consulting. The company shifted to blockchain from hotel renovation under the leadership of Simon Gerovich in 2024.

The company started accumulating its Bitcoin fortune in May of 2024. On May 13, 2024, it made its first-ever Bitcoin purchase of about 117 BTC, and by December of 2024, the company had managed to successfully accumulate up to 1,762 BTC. The company didn’t stop there, but instead it continued to increase the amount of Bitcoin it held, and by July this year, Metaplanet’s total Bitcoin holdings grew to 17,132.

On August 1, Metaplanet bought an extra 463 Bitcoin, making this new buy the second one this month. It comes after the company announced its plans to raise as much as 555 billion yen ($3.7 billion) by issuing new perpetual preferred shares to fund its BTC buying strategy.

In the proposal shared on August 1, the company also plans to raise Metaplanet’s authorized shares to 2.72 billion. The firm will then create two types of perpetual preferred shares, with unique risk levels and conversion terms. According to the company, this step WOULD help match funding options with what investors want.

What This Bitcoin-Buy Strategy Means for Metaplanet

This Metaplanet aggressive accumulation strategy goes to show Metaplanet’s full commitment to positioning itself as a major player in the crypto and blockchain technology space. By steadily increasing its holdings and simultaneously securing significant funding through preferred shares, the company not only strengthens its balance sheet with a scarce asset but also gives investors confidence in long-term value.