Bitcoin News Today: Bitcoin's Rise as Corporate Gold: Metaplanet Now Holds $2.06 Billion in BTC

Metaplanet Inc., a Tokyo-listed firm, has further expanded its Bitcoin (BTC) treasury by acquiring an additional 136 BTC, bringing its total holdings to 20,136 coins. The latest acquisition was made at an average price of just under $112,000 per BTC, raising the firm’s cumulative investment in BTC to over $2 billion [1]. This makes Metaplanet the sixth-largest publicly traded Bitcoin treasury company globally, with its holdings valued at approximately $2.06 billion based on current BTC pricing [4]. Collectively, publicly traded Bitcoin treasury companies now hold over 1 million BTC, with MicroStrategy maintaining the largest position at 638,460 BTC [1].

The firm tracks the performance of its BTC holdings using a proprietary metric known as BTC yield, which measures the growth of BTC per fully diluted share. Over the second quarter (April through June 2025), Metaplanet reported a BTC yield of 129.4%, demonstrating strong growth in its Bitcoin-based returns. For the third quarter to date, the yield stands at 30.8%, indicating a more modest pace of appreciation [1]. This performance is in line with the company’s strategy of maximizing Bitcoin yields and creating long-term shareholder value through its Bitcoin Treasury Business segment [2].

Despite the firm’s expanding Bitcoin reserves, its shares have declined by more than 30% over the past month. Analysts attribute this drop to a combination of a modest decline in the price of Bitcoin and a shrinking mNAV (market cap to net asset value) ratio, which reflects the premium of the company’s market cap over the intrinsic value of its Bitcoin holdings [1]. This trend is not unique to Metaplanet—several publicly traded Bitcoin treasury companies are experiencing similar challenges as the broader market faces cautious institutional demand and reduced average purchase sizes [3].

The broader Bitcoin treasury sector has seen mixed dynamics in recent months. While 28 new treasury companies were formed in July and August alone, collectively adding over 140,000 BTC, average transaction sizes have plummeted by 86% from early 2025 highs. This shift indicates a more conservative approach among institutional buyers, who are now making smaller, more frequent purchases [3]. The reduced appetite for large-scale BTC acquisitions has raised concerns about the sustainability of recent price gains, which were largely driven by institutional accumulation in the second quarter [3].

In Asia, the trend is gaining momentum, with firms like Sora Ventures launching a $1 billion Bitcoin treasury fund to seed regional adoption. Unlike Metaplanet, which holds BTC directly on its balance sheet, Sora’s strategy involves pooling institutional capital to support multiple entrants in the BTC treasury space [3]. This model could help diversify the regional landscape and potentially offset the declining average transaction sizes observed among existing players.

As Metaplanet continues to solidify its position as a major BTC treasury operator, it faces a dynamic and increasingly competitive market environment. The company’s performance will likely remain closely tied to broader trends in BTC pricing and institutional sentiment, making its next moves a key indicator of the sector’s future trajectory [1].

Source:

[1] Metaplanet Brings Bitcoin Holdings to More Than 20K With Latest Purchase (https://finance.yahoo.com/news/metaplanet-brings-bitcoin-holdings-more-124707704.html)

[2] MTPLF: Metaplanet Inc - Stock Price, Quote and News (https://www.cnbc.com/quotes/MTPLF)

[3] Asia Morning Briefing: BTC Treasury Demand Is Weakening, CryptoQuant Cautions (https://www.coindesk.com/markets/2025/09/08/asia-morning-briefing-btc-treasury-demand-is-weakening-cryptoquant-cautions)

[4] Metaplanet Grows Bitcoin Treasury With Additional 136 (https://www.coindesk.com/business/2025/09/08/metaplanet-brings-bitcoin-holdings-to-more-than-20k-with-latest-purchase)