Metaplanet’s $632M Bitcoin Bet Rockets Them to Fifth-Largest Holder Status
Another corporate whale dives headfirst into crypto waters—Metaplanet just dropped a cool $632 million on Bitcoin, instantly becoming the fifth-largest corporate BTC holder worldwide.
The Strategic Pivot
Forget cautious dipping—this is a full-scale cannonball into digital assets. While traditional finance circles debate regulatory nuances, forward-thinking firms are building positions that could redefine their balance sheets for decades.
Market Impact Dynamics
Moves like this don't just move price charts—they shift institutional perception. Every billion-dollar allocation normalizes crypto as a legitimate reserve asset, leaving skeptics scrambling to update their investment theses.
The New Corporate Playbook
Who needs treasury bonds when you've got programmable scarcity? While bankers fret about yield curves, crypto-native companies are writing the next chapter of corporate finance—one blockchain confirmation at a time.
Because nothing says 'confidence in the future' like betting hundreds of millions on math-based money while traditional finance still argues about expense ratios.
Acquisition details
Metaplanet CEO Simon Gerovich revealed the purchase was made at an average price of $116,724 per bitcoin.
With this latest addition, Metaplanet’s total bitcoin holdings now stand at 25,555 BTC, bought at an average price of $106,065 per coin for a total investment of about $2.71 billion.
This latest purchase moves Metaplanet into the fifth spot among public corporate holders, ahead of Bullish and behind Strategy, Mara, XXI, and Bitcoin Standard Treasury Company.
Expansion plans and income generation
Earlier in September, Metaplanet announced plans to raise $1.4 billion through the issuance of 385 million new shares, with all proceeds earmarked for further bitcoin acquisitions.
The company also recently approved a new U.S. subsidiary, Metaplanet Income Corp., which will focus on bitcoin derivatives and related income-generating activities.
Market reaction
Metaplanet’s stock price dropped 0.5% around midday Monday in Japan, despite the news.
The stock is down 27.5% over the past month, though it remains up nearly 74% year-to-date. Meanwhile, U.S.-traded shares closed up 3.81% at $4.09 on Friday.
