Metaplanet added 463 BTC to its treasury, bringing total holdings to 17,595 BTC valued at approximately $1.78 billion.
The firm is planning to raise $3.7 billion through preferred shares to expand its crypto treasury further.
Bitcoin’s recovery aligns with expectations of a U.S. rate cut, strengthening demand from institutional investors like Metaplanet.
Japanese firm Metaplanet has confirmed the purchase of 463 Bitcoin, spending approximately $53.7 million at an average price of $115,895 per coin. The transaction increases the company’s total Bitcoin holdings to 17,595 BTC, now valued at roughly $1.78 billion based on recent market prices.
This new purchase closely follows Metaplanet’s earlier acquisition of 780 Bitcoin, made just a week prior for around $92.5 million. The company has maintained a steady buying pattern, reflecting a firm commitment to its Bitcoin-focused treasury approach. Year-to-date, the strategy has resulted in a 459.2% gain on its Bitcoin investments.
Positioning Among Leading Holders
Metaplanet’s aggressive accumulation strategy continues to elevate its profile among Asia’s top corporate Bitcoin holders. It is now viewed as a key regional contender against Strategy, a U.S.-based company led by Michael Saylor. Recently, Strategy acquired an additional 21,021 BTC worth $2.46 billion, bringing its total holdings to 628,791 BTC.
https://twitter.com/gerovich/status/1952202932117491739
Metaplanet is also planning to raise $3.7 billion by issuing perpetual preferred shares. This move will be reviewed at an upcoming Extraordinary General Meeting. If approved, the funds could potentially support one of the largest corporate Bitcoin acquisitions on record.
Stock Dips Despite Strategic Growth
Despite its ongoing Bitcoin expansion, Metaplanet’s stock saw a modest decline. Shares slipped by around 6%, trading at ¥998 early Monday, based on data from Yahoo Finance.
The broader cryptocurrency market is rebounding following recent lows. Bitcoin briefly dropped to $111,800 over the weekend but has since recovered by nearly 1%, trading at approximately $114,594.
The rally follows weaker-than-expected U.S. job data, which spurred investor interest in risk assets. Additionally, markets are pricing in an 89.1% likelihood of a Federal Reserve interest rate cut in September. Analysts believe this may increase demand for Bitcoin as a hedge against dollar weakness.
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