Bitcoin News Today: Corporate Bitcoin Wars Heat Up: Metaplanet Claims Asian Crown with 18,888 BTC

Tokyo-listed Metaplanet Inc (3350) has expanded its Bitcoin treasury by acquiring an additional 775 BTC for 13.73 billion yen ($94 million), according to its most recent filing. This purchase brings the company’s total Bitcoin holdings to 18,888 BTC, valued at approximately 284.1 billion yen ($1.95 billion), maintaining its position as the seventh-largest corporate Bitcoin treasury globally [2]. The latest acquisition was made at an average price of 17.72 million yen ($120,500) per BTC, increasing the company’s average acquisition cost to 15.04 million yen ($102,100) per BTC across all purchases [2].

Metaplanet’s Bitcoin Yield for the latest period stands at 29.3%, a significant drop from the 129.4% recorded in Q2 2025. Despite this decline, the company’s multiple to net asset value remains near 2, the lowest it has been since it began its BTC accumulation. The firm’s balance sheet strength is highlighted by its $2.18 billion in BTC holdings against $120 million in outstanding debt, with its 19th Series Ordinary Bonds being 18.67x over-collateralized by its Bitcoin reserves [2]. This strategy has bolstered investor confidence, reflected in a 4% rise in Metaplanet’s share price to 900 yen on Monday, even as Bitcoin traded lower at $115,500 [2].

The company’s aggressive Bitcoin accumulation is part of a broader trend in institutional adoption. Metaplanet now holds 18,888 BTC, making it the leading Bitcoin treasury in Asia and contributing to the growing influence of public corporations in shaping Bitcoin’s supply dynamics. Alongside Strategy, formerly MicroStrategy, the two firms together hold nearly 3.1% of the total Bitcoin supply [3]. This significant corporate hoarding reduces the number of circulating coins available on exchanges and reinforces the scarcity narrative for Bitcoin, a trend that could have long-term implications for liquidity and price volatility [3].

The rise in corporate Bitcoin holdings is not limited to Metaplanet. Japan has seen a surge in companies adopting Bitcoin treasury strategies, with over 289 publicly listed firms now holding more than 3.67 million BTC globally [5]. This trend is supported by Japan’s progressive regulatory environment, including proposed tax reforms that may reduce capital gains taxes on crypto assets and plans to recognize digital assets as financial products under the Financial Instruments and Exchange Act by 2026 [5]. These developments are encouraging both established and emerging firms to integrate Bitcoin into their capital allocation strategies, with Lib Work, a 3D housing manufacturer, recently announcing a 500 million yen ($3.3 million) Bitcoin treasury initiative [5].

Institutional interest in Bitcoin is further reinforced by the actions of firms like Remixpoint, which raised 31.5 billion yen ($215 million) for Bitcoin investments, and SBI Holdings, which is developing crypto ETFs that include direct Bitcoin allocations. Meanwhile, the broader institutional demand is reflected in the performance of ETFs and ETPs, which have accumulated $151.9 billion in assets as of August 2025 [4]. VanEck, a major market analyst, predicts Bitcoin could reach $180,000 before the end of 2025, citing ETF inflows, on-chain activity, and tightening supply as key factors [4]. Such forecasts, however, should be viewed as speculative and subject to market conditions.

Metaplanet’s strategic approach to Bitcoin acquisition underscores the growing role of public companies in institutional crypto markets. As firms continue to treat Bitcoin as a strategic asset, the market dynamics are shifting in ways that could reshape the future of digital asset investment and corporate finance [2]. This trend highlights the increasing convergence between traditional financial markets and the crypto economy, signaling a new era of institutional participation in the Bitcoin ecosystem.

Source: [1] MTPLF: Metaplanet Inc - Stock Price, Quote and News (https://www.cnbc.com/quotes/MTPLF) [2] Metaplanet Expands Bitcoin Treasury by 775 BTC, Assets ... (https://finance.yahoo.com/news/metaplanet-expands-bitcoin-treasury-775-093416226.html) [3] Strategy and Metaplanet Now Control 3.1% of All Bitcoin (https://99bitcoins.com/news/bitcoin-btc/strategy-and-metaplanet-now-control-3-1-of-all-bitcoin/) [4] VanEck Predicts Bitcoin to $180000 Before 2025 Ends (https://crypto-economy.com/vaneck-predicts-bitcoin-to-180000-before-2025-ends/) [5] Japanese 3D Housing Firm Lib Work Adopts Bitcoin ... (https://www.xt.com/en/blog/post/japanese-3d-housing-firm-lib-work-adopts-bitcoin-treasury-strategy-buys-3-3m-btc)