Bitcoin News Today: Bitcoin Treasury Firm Blurs Lines Between Stocks and Digital Gold

Bitcoin treasury firm Metaplanet has continued to expand its digital asset holdings, acquiring 103 additional Bitcoin tokens worth approximately $11.8 million, bringing its total reserves to 18,991 BTC, valued at over $2.14 billion at current exchange rates [1]. This acquisition follows a recent 775 BTC purchase in early August, marking a rapid accumulation pace as part of the company’s formalized Bitcoin Treasury Operations strategy, which positions Bitcoin as a core reserve asset [2]. Metaplanet’s approach leverages capital markets through share offerings and bond programs to channel proceeds into Bitcoin, reflecting a long-term commitment to the asset class [1].

The company has also redeemed approximately $20.4 million in 19th Series Ordinary Bonds as part of its balance sheet management strategy, demonstrating a dual focus on optimizing liabilities while aggressively accumulating Bitcoin [2]. This financial maneuver underscores Metaplanet’s ability to maintain liquidity while pursuing its stated goal of accumulating 210,000 BTC—roughly 1% of Bitcoin’s total supply—by 2027 [4]. In parallel, Metaplanet has issued nearly 4.9 million new shares through the exercise of stock acquisition rights, a move that funds further Bitcoin purchases but dilutes existing shareholders [1].

The company’s inclusion in the FTSE Japan Index, confirmed in the September 2025 semi-annual review by FTSE Russell, marks a significant milestone for corporate Bitcoin treasury strategies [3]. The inclusion upgrades Metaplanet from a small-cap to a mid-cap stock and will take effect after market close on September 19 [1]. As a result, the firm will also be included in the FTSE All-World Index, a globally recognized benchmark for large and mid-cap equities [4]. This inclusion creates a regulated route for institutional investors to gain indirect exposure to Bitcoin and could channel substantial passive capital into the company [3].

Analysts have noted that Metaplanet’s inclusion in major equity indices reflects a neutral application of standard market criteria—such as market cap and trading volume—rather than a direct endorsement of its Bitcoin holdings [3]. However, the move is still seen as a pivotal development in the broader trend of corporate Bitcoin adoption. Vincent Liu, chief investment officer at Kronos Research, has highlighted that index inclusion could enhance liquidity and long-term stability for Metaplanet while indirectly exposing traditional equity funds to Bitcoin [3]. At the same time, large Bitcoin price swings may create unexpected volatility for passive investors.

Metaplanet’s transformation from a traditional hotel operator to Asia’s leading Bitcoin treasury firm highlights a growing institutional interest in digital assets, particularly in markets like Japan, where regulatory clarity and market dynamics have created a more favorable environment for corporate Bitcoin strategies [2]. The company’s performance has outpaced major Japanese equity benchmarks, including the TOPIX Core 30, with year-to-date gains of approximately 187% compared to 7.2% for the index [4]. This performance has elevated Metaplanet to the seventh-largest publicly traded Bitcoin holder globally, surpassing major U.S. firms such as Coinbase and Tesla [4]. As more companies explore Bitcoin treasury strategies, the boundaries between traditional equity investments and digital asset exposure continue to blur, with Metaplanet serving as a potential model for future index-inclusive Bitcoin treasury operations.

Source:

[1] Bitcoin Price Drops Below $112000 As Metaplanet ... (https://bitcoinmagazine.com/markets/bitcoin-price-drops-below-112000-as-metaplanet-announces-to-buy-11-7m-worth-of-bitcoin)

[2] Metaplanet Pushes Bitcoin Holdings Higher With Fresh $11.8 ... (https://finance.yahoo.com/news/metaplanet-pushes-bitcoin-holdings-higher-051520918.html)

[3] Metaplanet Joins FTSE Japan Index, Continues to Stack Bitcoin (https://finance.yahoo.com/news/metaplanet-joins-ftse-japan-index-063327830.html)

[4] Bitcoin treasury firm Metaplanet graduates to FTSE Japan ... (https://cointelegraph.com/news/metaplanet-added-ftse-japan-all-world-stock-indices)