Bitcoin News Today: Bitcoin's Corporate Embrace Reaches 6% of Total Supply as Firms Double Down

Japan-based Metaplanet, a leading Bitcoin treasury firm, has expanded its Bitcoin holdings to 20,000 BTC after acquiring an additional 1,009 BTC for 16.479 billion yen (approximately $112 million). The firm purchased the Bitcoin at an average price of $102,607 per unit, which represents a 6.75% profit compared to the current Bitcoin price. This acquisition was funded in part by the proceeds from the issuance of 11.5 million new shares following the exercise of warrants by investor Evo Fund. Evo Fund acquired the shares at prices between $5.67 and $6, totaling roughly $65.73 million. The firm also used part of the capital to redeem approximately $20.4 million in previously issued bonds [1].

Metaplanet’s move aligns with a broader trend of corporate entities adopting Bitcoin as a treasury asset, with corporate holdings now accounting for over 6% of the total Bitcoin supply. JPMorgan strategists suggest that this increased corporate accumulation has contributed to a decline in Bitcoin’s price volatility, as these entities act as a stabilizing force in the market [2]. This trend is part of a growing phenomenon led by early adopters such as MicroStrategy, whose approach has encouraged a range of other companies—including Trump Media & Technology Group and GameStop—to follow suit in acquiring Bitcoin for their balance sheets [2].

Despite the firm's strategic expansion, Metaplanet faces liquidity challenges as its share price has declined by 54% since mid-June. Analysts attribute this decline to the reduced attractiveness of exercising warrants, which in turn limits the firm's ability to raise capital for further Bitcoin acquisitions. To counter this, Metaplanet has announced plans to raise 130.3 billion yen ($880 million) through an overseas public share offering. The firm is also seeking shareholder approval to issue up to 555 million preferred shares, which could generate as much as 555 billion yen ($3.7 billion) [1].

The broader implications of corporate Bitcoin treasury strategies have sparked debate among analysts and investors. Critics argue that such strategies involve synthetic leverage, as equity premiums often expand well beyond the intrinsic value of the Bitcoin holdings. This can create fragile capital structures, where a significant drop in Bitcoin’s price could trigger a sharp decline in equity value, even in the absence of direct leverage. Additionally, concerns have been raised about custodial concentration, as many corporate Bitcoin holdings are stored with a small number of custodians, increasing systemic risk [3].

While proponents view Bitcoin treasuries as a form of innovation that diversifies corporate portfolios and potentially hedges against traditional market volatility, detractors warn of the risks inherent in relying on a volatile asset for balance sheet strategy. As the market evolves, companies must weigh the potential benefits of Bitcoin treasury holdings against the risks of liquidity constraints, custodial vulnerabilities, and the broader volatility of the crypto asset [3].

Source:

[1] Metaplanet Buys 1009 BTC, Reaches 20000 BTC (https://cointelegraph.com/news/metaplanet-20000-btc-treasury-share-price-slump)

[2] Bitcoin is getting boring. That could open more doors for the... (https://finance.yahoo.com/news/bitcoin-is-getting-boring-that-could-open-more-doors-for-the-crypto-asset-on-wall-street-091231252.html)

[3] Why bitcoin treasury companies are a fool's paradise (https://nai500.com/blog/2025/08/why-bitcoin-treasury-companies-are-a-fool-s-paradise/)