#MetaplanetBTCPurchase 🏢 What Is Metaplanet?
Previously a Japanese hospitality company, now completely transformed into a “Bitcoin treasury firm,” following in the footsteps of MicroStrategy (now Strategy).
As of June 2025, Metaplanet officially holds 10,000 BTC (~$947 million average capital of $94.7k per BTC)—surpassing Coinbase and becoming one of the largest public holders.
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💰 How Do They Buy?
Implementing an aggressive funding strategy:
Raising 555 million new shares
Issuing zero-interest bonds worth $210 million
Other raising plans: $5.4 billion to purchase a total of 210,000 BTC by the end of 2027.
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📈 Why Are Their Stocks Auto 😱?
Because of investor premium on their BTC assets: Metaplanet's shares are traded at around 7 times the net value of the BTC they own.
Imagine: they have $100 in BTC assets, but you willingly pay $700 for the shares—just for access to the “story about Bitcoin” without having to hold BTC directly.
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⚠️ Risks & Controversies:
1. Overheated valuation
Matrixport values the shares as if each BTC is sold at a price of $759k, 7x higher than the spot.
2. Debt risk & dilution
Capital through stocks & bonds = potential for significant dilution and margin calls if BTC drops sharply.
3. Technical volatility
Dependence on capital volume (bonds & stocks). If investors get scared, they may struggle to continue accumulating.
4. Global institutional trend
There is institutional euphoria joining Bitcoin, but this bubble could burst if macro disturbances arise.
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📊 Impact on the Market & You:
Signals of long-term bullish expectations
If Metaplanet can accumulate up to 210,000 BTC, it could absorb long-term market supply.
Options for retail/institutional
Metaplanet could be an alternative for regular investors wanting BTC exposure but are reluctant to hold it directly.
Beware of when their stock price supports fundamentals or is just hype
If the stock bubble bursts, it could create a domino effect in the crypto market.
