Metaplanet Inc. (3350.T) Plummets 7.15% After Bold $54M Bitcoin Bet Backfires—Market Shrugs

Tokyo's Metaplanet just learned the hard way that even nine-figure crypto buys can't defy gravity.

The Japanese investment firm's stock cratered 7.15% today despite announcing a $54 million Bitcoin purchase—proof that institutional crypto plays still get punished when markets turn sour. Traders clearly weren't impressed by the 'buy the dip' bravado.

When corporate treasuries zig toward crypto, shareholders still zag toward the exits. Maybe next time they'll hedge with a magic eight-ball.

TLDR

• Metaplanet drops 7.15% despite $54M Bitcoin buy amid crypto market dip.
• Metaplanet boosts BTC stash to $2B, but shares fall on weak sentiment.
• Market shrugs off Metaplanet’s BTC push; stock slides despite strategy.
• Bitcoin holdings grow, yet Metaplanet stock drops in August market slump.
• Metaplanet eyes 210K BTC by 2027, but investors show short-term doubts.

Metaplanet Inc. closed Monday at 987.00 JPY, down 7.15% or 76.00 JPY, despite a major Bitcoin acquisition. 

Metaplanet Inc. (3350.T)

The Tokyo-based firm confirmed the purchase of 463 Bitcoins for approximately $53.7 million. However, the announcement failed to lift market sentiment, and shares ended the day sharply lower.

The decline occurs amid heightened volatility in the cryptocurrency market, particularly during early August trading. While Metaplanet ramped up its Bitcoin holdings, broader market activity showed weakness. This created a divergence between its crypto strategy and short-term equity performance.

Although the company emphasized its long-term commitment to Bitcoin, its stock failed to reflect confidence in the announcement. Market participants showed limited reaction to the firm’s continued accumulation of the digital asset, suggesting ongoing concerns about timing and valuation risks in both crypto and equity markets.

Metaplanet Boosts Holdings with 463 BTC Purchase

Metaplanet acquired 463 BTC at an average price of $115,895, spending approximately 8 billion yen or $53.7 million. The purchase brings the company’s total bitcoin holdings to 17,595 BTC, now valued at over $2 billion. This strengthens its position as the seventh-largest corporate holder of Bitcoin globally.

The company announced the purchase shortly after a 5% weekend dip in Bitcoin’s price, marking a strategic buying opportunity. By acting swiftly, Metaplanet became one of the first public firms to respond to early August price weakness. This MOVE aligns with its stated mission to grow its Bitcoin reserves aggressively.

CEO Simon Gerovich previously outlined a plan to raise capital through perpetual preferred shares to support this strategy. On Friday, the firm filed to issue up to 555 billion yen ($3.7 billion) of these instruments. This financing method is intended to help scale Bitcoin acquisitions without diluting common shareholders.

Bitcoin Standard Strategy Drives Long-Term Expansion

Metaplanet remains focused on expanding its Bitcoin per share ratio through continuous accumulation of the digital asset. As of August 4, the company has spent around $1.78 billion on its total Bitcoin holdings. Its average purchase price stands at $101,422 per BTC.

The company targets a total of 210,000 BTC by the end of 2027, representing 1% of Bitcoin’s total supply. With 17,595 BTC already acquired, the firm has completed 8.4% of its long-term goal. This highlights a clear and persistent growth strategy centered around Bitcoin accumulation.

The firm uses BTC Yield as a key performance metric to gauge its

Bitcoin strategy. Year-to-date, Metaplanet has achieved a BTC Yield of 459.2%, despite recent quarterly fluctuations. The company’s Bitcoin per Fully Diluted Share now stands at 0.0201243 BTC, showing increasing crypto exposure per share.

Bitcoin Faces Historical August Weakness Despite Strategic Accumulation

Bitcoin traded at around $114,000 on August 4, down nearly 4% over the past seven days. Historically, August tends to be a bearish month for Bitcoin, averaging an 11.4% monthly decline since 2013. If the trend continues, Bitcoin could potentially drop to $105,000 before month-end.

Last August, Bitcoin dropped 8.6% to $59,000, while earlier declines in 2022 and 2023 were even more severe. Though 2025 is considered a bull market year, short-term price trends remain unfavorable in August and September. In fact, Bitcoin has closed lower in 8 of the past 12 Septembers.

US-based spot Bitcoin ETFs saw outflows of $812.3 million, reversing a seven-week inflow streak. ethereum ETFs, in contrast, posted 12 consecutive weeks of inflows totaling $154 million last week. This highlights diverging market sentiment between Bitcoin and Ethereum in the early weeks of Q3 2025.