Bitcoin News Today: Metaplanet Buys 463 Bitcoin for $53.7 Million Amid Price Dip

Metaplanet, a Japanese investment firm, kicked off August with a significant Bitcoin purchase of 463 coins for approximately $53.7 million, making it the first publicly traded company to announce a major Bitcoin acquisition in the new month [1]. The purchase occurred amid a 5% weekend dip in Bitcoin’s price, with the average buying price set at around $115,895. This addition raises the firm’s total Bitcoin holdings to 17,595 BTC, valued at over $2 billion, securing its position as the seventh-largest corporate Bitcoin holder globally [2].

The move aligns with Metaplanet’s broader strategy to continue acquiring Bitcoin at a steady pace. As of now, the firm has accumulated 8.4% of its long-term goal of 210,000 Bitcoin by the end of 2027, a target representing 1% of the total Bitcoin supply [3]. To fund future purchases, Metaplanet announced a plan to issue perpetual preferred shares worth up to $3.7 billion over the next two years [4]. This strategy mirrors the approach taken by Michael Saylor’s MicroStrategy, which used similar financial instruments to expand its Bitcoin holdings beyond 628,700 BTC [5]. The preferred shares will offer an annual dividend of up to 6%, subject to market conditions and investor demand [6].

The corporate Bitcoin buying frenzy continued in the final week of July, with 16 companies collectively adding over $7.8 billion in cryptocurrencies to their treasuries [7]. However, the start of August saw a sharp reversal, with spot U.S. Bitcoin exchange-traded products recording $812.3 million in outflows—one of the largest outflow days in history [8]. This fluctuation highlights the strategic timing of corporate Bitcoin purchases and the market’s susceptibility to macroeconomic signals and investor sentiment.

Metaplanet’s aggressive accumulation efforts come as more public companies enter the Bitcoin race. As of the latest data, 162 companies now hold Bitcoin on their balance sheets, up from 112 as of May 26 [9]. While Metaplanet remains behind firms like MicroStrategy, Mara Holdings, and XXI in total holdings, its capital-raising initiatives and consistent buying strategy position it as a formidable contender in the corporate Bitcoin space.

Despite broader economic uncertainties, Metaplanet’s continued focus on Bitcoin acquisition reflects a growing institutional shift toward treating the cryptocurrency as a strategic asset. This trend underscores the increasing acceptance of Bitcoin in corporate treasury management, even amid regulatory and market volatility.

---

Source:

[1] Cointelegraph (https://cointelegraph.com/news/metaplanet-first-bitcoin-firm-buy-bitcoin-august)

[2] The (https://www.theblock.co/post/365359/metaplanet-buys-54-million-bitcoin)

[3] Brave (https://bravenewcoin.com/insights/japanese-firm-metaplanet-plans-3-7-billion-bitcoin-purchase-through-stock-offering)

[4] U.Today (https://u.today/metaplanet-buys-54-million-in-bitcoin)

[5] Investing.com (https://ph.investing.com/news/cryptocurrency-news/metaplanet-buys-additional-463-bitcoin-increases-stash-to-17595-coins-1933761)

[6] Crypto (https://cryptoadventure.com/metaplanet-plans-3-7b-stock-raise-to-fuel-massive-bitcoin-buying-spree/)

[8] CryptoDnes.bg (https://cryptodnes.bg/en/news/bitcoin/)

[9] BitcoinTreasuries.NET (https://bitcointreasuries.net/)