Japanese public company Metaplanet, known for its aggressive Bitcoin accumulation strategy, has acquired an additional 463 BTC for approximately $53.7 million, bringing its total Bitcoin holdings to 17,595 BTC.The latest purchase was made at an average price of $115,895 per bitcoin, according to CEO Simon Gerovich. This marks another major step in Metaplanet’s treasury strategy, which aims to align the company’s assets with a long-term Bitcoin standard.
“Our goal is to have multiple tools to raise capital for buying Bitcoin,” said Gerovich in a post on X (formerly Twitter). “On a Bitcoin standard, the mission is to continuously grow Bitcoin per share. Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value.”
$3.7 Billion Capital Raise Plan Filed
Just days before the latest BTC acquisition, Metaplanet filed a regulatory notice indicating its intention to raise up to 555 billion yen (USD 3.7 billion) through the issuance of new perpetual preferred shares. These funds are expected to be used specifically to fuel its Bitcoin buying initiatives.
This strategy is aligned with Metaplanet’s long-term vision of enhancing shareholder value while strengthening its position as one of the top corporate Bitcoin holders globally.
17,595 BTC Valued at $1.78 Billion
With this new addition, Metaplanet’s total Bitcoin stash now sits at 17,595 BTC, which was acquired for a cumulative cost of approximately $1.78 billion. The average acquisition price across all purchases is $101,422 per BTC.
According to data from Bitcointreasuries.net, Metaplanet remains seventh globally in terms of Bitcoin holdings. It trails behind top holders such as Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media.
Stock Reaction and Bitcoin Market Update
Despite the large acquisition, Metaplanet’s stock was down 4.7% by midday Monday on the Tokyo Stock Exchange, according to Yahoo Finance. Market analysts suggest the drop may be a short-term reaction to the capital raise filing rather than a fundamental shift in investor sentiment.
Meanwhile, Bitcoin traded slightly higher at $114,645 on Sunday night, marking a 0.8% gain over the past 24 hours, as it rebounded from a weekend slump.
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