Bitcoin News Today: Bitcoin-Driven Metaplanet Rises as Sixth-Largest Corporate Holder

Metaplanet, a prominent Japanese firm in the Bitcoin treasury space, has surpassed a significant milestone by acquiring 1,009 BTC, valued at $112 million, bringing its total holdings to 20,000 BTC. The company, which has consistently pursued an aggressive Bitcoin accumulation strategy, now ranks as the sixth-largest public corporate holder of Bitcoin globally, according to Bitcointreasuries.net data. The acquisition was made at an average cost of approximately $102,700 per coin, adding to the firm’s cumulative investment of $2 billion in Bitcoin. This latest purchase marks a rapid progression from the 10,000 BTC threshold, which the company crossed less than three months ago [2].

The company’s acquisition strategy reflects a broader trend among Japanese corporations, who are increasingly treating Bitcoin as a strategic reserve asset. Metaplanet’s Bitcoin treasury has expanded to 20,000 BTC, aligning with its revised target of 30,000 BTC for the year. The firm is also preparing to raise approximately $884 million through an international share offering, with a significant portion of the proceeds intended to fund further Bitcoin purchases over the next two months. This move signals a continuation of its unconventional financing model, which leverages equity to expand its Bitcoin reserves [2].

Metaplanet’s ownership of Bitcoin has been a defining feature of its financial strategy. The firm’s CEO, Simon Gerovich, has previously outlined plans to potentially use its Bitcoin holdings as collateral to acquire cash-generating businesses in the future. This approach highlights the company’s view of Bitcoin not just as an investment, but as a flexible asset that can be leveraged for strategic growth. The recent stock offering also includes provisions for issuing preferred shares, further broadening the company’s financing options to support its Bitcoin-driven strategy [2].

Despite its aggressive Bitcoin buying, Metaplanet’s stock has experienced volatility in recent weeks. Following the announcement of the 20,000 BTC milestone, the company’s shares fell by 4%, adding to a nearly 7% decline in the previous week. Analysts attribute this market reaction to broader bearish sentiment, which has also driven outflows from Bitcoin ETFs and a 5% decline in Bitcoin’s price over the past seven days. The firm’s stock has lost nearly half its value since mid-June, raising questions about its ability to sustain its financing strategy in a challenging market environment [2].

The company’s strategy has also drawn attention for its unconventional financial maneuvers, including a recent decision to grant Eric Trump 3.3 million shares via stock acquisition rights. This move further ties Metaplanet to international financial and political networks, reinforcing its position as a key player in the corporate Bitcoin space. Despite the volatility, Metaplanet remains committed to expanding its Bitcoin holdings and strengthening its balance sheet through equity financing [2].

Source: [1] Japanese Corporate Altcoin Buying Spree Continues With Gumi to Spend $17M on XRP (https://finance.yahoo.com/news/japanese-corporate-altcoin-buying-spree-233000770.html) [2] Japan's Metaplanet Hits 20000 BTC Holdings Following ... (https://coingape.com/japans-metaplanet-hits-20000-btc-holdings-following-new-purchase-stock-reacts/) [3] Metaplanet buys $112 million worth of bitcoin (https://www.theblock.co/post/368866/metaplanet-bitcoin-total-holdings-20000)