Metaplanet’s Bitcoin Bet Deepens: Snaps Up 463 BTC, Amasses 17,595 in Total Holdings

Another day, another corporate treasury flipping fiat for crypto.

Metaplanet just dropped 463 BTC into its vault—because why diversify when you can YOLO into digital gold? The Tokyo-listed firm now sits on a stash of 17,595 bitcoins, doubling down while traditional investors still debate 'store of value' narratives.

The move screams conviction—or maybe just FOMO. Either way, their balance sheet's riding the volatility rollercoaster most CFOs nightmares are made of. Meanwhile, Wall Street banks still charge 2% fees to move money at the speed of dial-up.

Strategic Bitcoin vision backed by capital raises

On Aug. 2, Metaplanet announced a ¥3.73 billion ($25.74 million) preferred share offering with a 6% annual dividend to fund future BTC purchases. The company aims to hold 30,000 BTC by year-end and 100,000 BTC by 2026, with a longer-term goal of 210,000 BTC by 2027.

Chief executive officer Simon Gerovich describes Bitcoin as a hedge against yen weakness and sovereign debt risks. Metaplanet also plans to acquire a digital bank to generate yield from its Bitcoin reserves.

Its stock is up 179% year-to-date and 1,391% over the past year, driven by investor enthusiasm for its Strategy-style Bitcoin strategy. In Q1 FY2025, Metaplanet reported record revenue of ¥877 million ($6.05 million) and operating profit of ¥593 million ($4.09 million).