Metaplanet Doubles Down: Snaps Up 775 BTC in Bold Bitcoin Accumulation Move

Another corporate whale takes a bite out of Bitcoin's finite supply.

Tokyo-listed Metaplanet just dropped ¥5 billion on 775 BTC—because nothing says 'hedge against fiat' like converting cash into volatile digital scarcity. The move follows MicroStrategy's playbook, proving institutional FOMO isn't just an American sport.

Why now? With central banks still printing like it's 2020, smart money's parking in hard-capped assets. Even if Wall Street still thinks 'blockchain, not Bitcoin' is the safe answer.

One cynical take? Corporate treasuries chasing crypto gains look suspiciously like retail traders—just with fancier PowerPoints.

Metaplanet is also laying the groundwork for far larger acquisitions. Earlier this month, it filed plans to raise 555 billion yen ($3.8 billion) by issuing two classes of Bitcoin-backed preferred shares over the next two years. 

In the NEAR term, the company aims to hold 30,000 BTC by year-end 2025. and 100,000 BTC by 2026. With its latest purchase, Metaplanet now sits 11,112 BTC away from this year’s target. To close the gap over the next six months, the firm will need to stay committed to or step up its current accumulation pace, as it pushes toward its bigger 210,000 BTC ambition.

Meanwhile, Bitcoin has been under pressure in recent days. Trading at $115,436 at press time, the asset is down about 2.3% over the past 24 hours and 5.4% on the week, as it continues to cool off from last week’s surge to a new all-time high above $124,000.