Key Takeaways:
Metaplanet adds 5,419 BTC, bringing total to 25,555 BTC worth nearly $3B
Strategy acquires $100M in Bitcoin, pushing total to 639,835 BTC at a $47.3B valuation
Institutional buying slows overall, but firms like Metaplanet continue to ramp up exposure
Metaplanet Buys 5,419 BTC, Climbs to Top 5 Corporate Holder
Japan-based Metaplanet has officially entered the ranks of the world’s largest corporate Bitcoin treasuries with a 5,419 BTC acquisition worth approximately $633 million. The purchase, made at an average price of ¥17.28 million ($117,000) per BTC, brings the company’s total Bitcoin holdings to 25,555 BTC—valued near $3 billion at current prices.
According to BitcoinTreasuries.NET, this positions Metaplanet as the fifth-largest corporate Bitcoin holder globally. Currently, 192 public companies hold BTC, making them the top Bitcoin holders among other entities such as private companies, governments and ETFs.
Strategy Continues Purchases Albeit at a Slower Pace
While Metaplanet accelerates, larger players like Michael Saylor's Strategy are slowing down. The firm announced a modest acquisition of 850 BTC for $99.7 million last week, following the U.S. Federal Reserve’s 25 basis point interest rate cut. This brought Strategy’s total holdings to 639,835 BTC, worth $47.3 billion at an average cost basis of $73,971 per coin.
Compared to its buying pace earlier in the year, Strategy's September total acquisition of 3,330 BTC reflects a sharp slowdown. Saylor acknowledged this cooling phase, attributing it to Bitcoin’s decreasing volatility and growing institutional maturity, calling it “boring for a while.”
Amid Dropping Volatility, Institutional Interest Shifts
Bitcoin’s muted price action and declining volatility appear to be altering the institutional landscape. As the asset stabilizes above $110,000, newer entrants like Metaplanet are stepping up purchases while legacy holders adopt a more measured approach.
Metaplanet’s recent moves also include a broader corporate restructuring. The company established Metaplanet Income Corp., a $15 million subsidiary in Miami, and Bitcoin Japan Inc. to enhance its domestic presence. It plans to issue 385 million new shares, aiming to raise $1.44 billion to further expand its Bitcoin holdings.
Outlook: BITCOIN Act and Treasury Adoption
Institutional Bitcoin news may continue to dominate headlines as regulatory proposals progress. Early last week, the U.S. government hosted several crypto industry leaders at a roundtable on the BITCOIN Act, a bill proposing the U.S. Treasury acquire 1 million BTC over five years.
If passed, the bill could mark a historic turning point in BTC's institutional adoption, setting a precedent for sovereign-level BTC reserves.
