Bitcoin News Today: Metaplanet Aims to Overtake Giants in Corporate Bitcoin Race

Metaplanet, a Japanese bitcoin treasury firm, has acquired an additional 136 BTC for approximately $15.2 million, raising its total holdings to 20,136 BTC. The purchase was disclosed on Monday and represents the firm's continued commitment to bitcoin, with CEO Simon Gerovich stating the acquisition was made at an average price of $111,666 per bitcoin [1]. This brings the company’s total investment in bitcoin to around $2.08 billion, with an average cost basis of $103,196 per coin.

The latest acquisition positions Metaplanet as the sixth-largest publicly traded corporate holder of bitcoin globally, according to BitcoinTreasuries data. The firm now trails only Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish. Strategy, led by Michael Saylor, maintains the top position with a total of 636,505 BTC [2]. Gerovich has outlined a long-term goal for Metaplanet to accumulate 210,000 BTC by 2027, which, if achieved, would make the company the second-largest corporate bitcoin holder, according to Bitbo [3].

Metaplanet’s stock has experienced mixed performance following the recent announcement. On Monday, its shares fell by 1.2% in Japan, and its U.S.-listed shares ended the previous trading day down 1.6% at $4.86 [1]. Over the past month, the stock has declined by 30%, yet it remains up by 101% year-to-date. The company’s share price initially surged 19% following its first bitcoin purchase in July 2024, but subsequent acquisitions have not generated the same level of market enthusiasm [3].

In an effort to support its capital-raising strategy, Metaplanet has announced plans to raise an additional $880 million through a public share offering in overseas markets on August 27 [2]. The move comes as the company’s share price has come under pressure, impacting its financial strategy.

Bitcoin’s price also moved in response to broader market sentiment. As of late Sunday evening, the cryptocurrency had risen 0.5% in the previous 24 hours to $111,146 [1]. The timing of the purchase coincides with a shift in investor sentiment, as the Bitcoin Fear & Greed Index moved back to “neutral” from “fear” after three days in the lower zone [3].

The company’s strategy highlights the growing trend of corporate investments in digital assets, particularly bitcoin, as firms seek to diversify their balance sheets and hedge against macroeconomic uncertainties. Metaplanet’s actions reinforce its status as a key player in the corporate bitcoin space and provide a benchmark for other firms considering similar strategies.

Source: [1] Metaplanet buys $15 million in bitcoin, total holdings now ... (https://www.theblock.co/post/369745/metaplanet-buys-15-million-worth-bitcoin) [2] Metaplanet, El Salvador add Bitcoin as sentiment shifts ... (https://cointelegraph.com/news/metaplanet-el-salvador-bitcoin-purchase-2025) [3] Metaplanet Adds $15M in Bitcoin, Holdings Surpass 20000 ... (https://bitbo.io/news/metaplanet-buys-15136-btc/)