Metaplanet, a Japanese company focused on investments in crypto assets, started August with a significant acquisition: 463 units of Bitcoin. This purchase positions the company as the first publicly traded entity to take advantage of the recent depreciation of the cryptocurrency, which fell by 5% over the last weekend.
The acquisition was made for about 8 billion yen (approximately $53.7 million), with an average purchase price of $115,895 per unit of BTC. With this move, Metaplanet raises its total reserves to 17,595 Bitcoins, surpassing $2 billion in assets and remaining the seventh largest corporate holder of Bitcoin globally.
The movement follows the trend of corporate purchases.
Although it was the first to announce a purchase in August, Metaplanet is not alone in the race. In the last week of July, at least 16 companies together added more than $7.8 billion in crypto assets to their balance sheets, according to a survey by Cointelegraph.
Meanwhile, Bitcoin ETFs in the United States showed strong performance in July but recorded significant outflows right at the beginning of August — over $812 million in a single day, marking one of the largest withdrawals ever seen.
Strategic focus and ambitious goals.
Under the leadership of Simon Gerovich, Metaplanet reaffirms its commitment to accumulating Bitcoin as a long-term strategy. The company has already reached 8.4% of its ambitious goal of gathering 210,000 Bitcoins — equivalent to 1% of the total existing supply of the cryptocurrency — by the end of 2027.
Strategy similar to that of MicroStrategy.
Recently, Metaplanet also revealed plans to issue about $3.73 billion in perpetual preferred shares. This financial modality has been widely used by MicroStrategy, a company led by Michael Saylor, to strengthen its Bitcoin reserves — currently exceeding 628,700 BTC.
Saylor even compared this type of preferred stock issuance to MicroStrategy's 'iPhone moment' after raising $2.5 billion through this structure. In the case of Metaplanet, the preferred shares will offer up to 6% annual dividends, depending on market conditions and investor demand.
The number of companies accumulating Bitcoin is growing.
Metaplanet is still behind names like MicroStrategy, Marathon Digital Holdings, XXI, Bitcoin Standard Treasury, Riot Platforms, and Trump Media in accumulated Bitcoin volume. However, the number of companies with BTC on their balance sheets continues to rise: currently, there are 162 companies, compared to 112 recorded in May of this year, according to data from BitcoinTreasuries.NET.
