Metaplanet Doubles Down: Adds $61M to Bitcoin Treasury as Institutional FOMO Heats Up
Another corporate whale splashes into crypto waters.
Japan's Metaplanet just dropped another $61 million into Bitcoin—doubling down on its bet against fiat decay. The Tokyo-listed firm now holds one of Asia's largest corporate BTC stashes, outpacing even MicroStrategy's early moves.
Why the aggressive accumulation? CFOs are waking up to Bitcoin's inflation hedge narrative—especially after last week's dismal G7 economic forecasts. "Traditional reserves are yielding negative real returns," tweeted Metaplanet's strategy lead. "We're opting out of the central bank clown show."
The purchase coincides with Bitcoin reclaiming $50K—a psychological threshold that's triggering fresh institutional inflows. Analysts note Metaplanet's timing mirrors patterns from 2021's bull run, when corporate buyers front-ran retail momentum.
Cynical take? This smells like boardroom pandering to crypto-hype. But with Japan's yen down 12% YTD against BTC, even skeptics admit the math works. One treasury manager quipped: "At least they're not burning cash on metaverse real estate this time."
Inside Metaplanet’s dual-phase Bitcoin plan
As crypto.news previously reported, Metaplanet’s Bitcoin plan is split into two stages. Per the CEO, the first stage focuses on aggressive Bitcoin accumulation through equity issuance and debt financing, with a long-term vision to eventually control 1% of BTC’s total supply.
“We need to accumulate as much bitcoin as we can to get to a point where we’ve reached escape velocity and it just makes it very difficult for others to catch up,” he said.
Phase two will see the company leverage its BTC reserves to secure financing, with the proceeds directed toward acquiring profitable, cash-flowing businesses that align with its strategy, potentially in digital banking and financial services.
Metaplanet’s Strategy-style BTC push has so far delivered, putting the firm on the global radar and driving its stock to record highs. However, recent market pressures are casting a bearish short-term outlook.
Metaplanet’s stock slides
Metaplanet shares have plummeted roughly 37% over the last month and now trade 55% below this year’s peak. The drop has pulled its market capitalization down by 44%, from ¥1.14 trillion to about ¥638 billion.
The selloff is likely fueled by profit-taking among investors, particularly after its meteroric run this year. At its June high, Metaplanet’s stock was up more than 15,000% from its 2024 lows, making it one of the best-performing equities globally.
A broader cooldown in Bitcoin treasury stocks is another key driver. MicroStrategy, the OG bitcoin corporate treasury is down 30% from its high, while MARA Holdings and TRUMP Media have also posted double-digit losses.
Despite the drawdown, Metaplanet remains up 175% year-to-date. The pullback in valuation does not appear to have shaken its long-term commitment, with the company recently announcing plans to raise another $3.7 billion to buy more Bitcoin.
Meanwhile, Bitcoin itself has been trading higher over the past week, up roughly 3.8%. It briefly climbed above $122,000 before easing to about $118,706 at the time of writing.
