Bitcoin News Today: Metaplanet Adds 463 Bitcoin to Treasury in $53.7M Purchase as Holdings Hit $1.78 Billion

Metaplanet, a Japanese investment firm, has added 463 Bitcoin to its treasury in an acquisition valued at approximately $53.7 million, with an average price of $115,895 per coin [1]. This brings the company’s total Bitcoin holdings to 17,595 BTC, now valued at roughly $1.78 billion based on current market prices [2]. The latest purchase follows a similar acquisition of 780 BTC just one week earlier for $92.5 million, reflecting the firm’s consistent approach to buying during market dips [6].

The firm has outlined plans to raise $3.7 billion through the issuance of perpetual preferred shares to further expand its Bitcoin portfolio [4]. This proposed capital raise will be presented to shareholders at an upcoming Extraordinary General Meeting. If approved, the funds could potentially be used to execute one of the largest corporate Bitcoin acquisitions to date [5]. The firm’s aggressive accumulation strategy has positioned it as one of the leading corporate Bitcoin holders in Asia, though its holdings remain significantly smaller than those of U.S.-based MicroStrategy, which holds over 628,791 BTC [6].

Bitcoin’s recent price action has been influenced by expectations of a U.S. interest rate cut, which is currently priced at an 89.1% probability in September. Weaker-than-expected U.S. job data has also contributed to a market rebound, with Bitcoin rising nearly 1% to $114,594 after touching $111,800 over the weekend [7]. Institutional investors, including Metaplanet, have been using market corrections as buying opportunities, reinforcing Bitcoin’s role as a hedge against macroeconomic uncertainty.

Despite Metaplanet’s strong performance in its Bitcoin portfolio—posting a 459.2% gain year-to-date—its stock has seen a 6% decline in early trading on Monday [9]. The dip may reflect shareholder concerns regarding the firm’s capital-raising strategy and continued investment in Bitcoin, though the broader market remains cautiously optimistic given Metaplanet’s long-term returns and strategic positioning [10].

The continued accumulation by Metaplanet highlights growing institutional confidence in Bitcoin’s value proposition, particularly in the context of a shifting macroeconomic landscape and increasing acceptance of digital assets in corporate treasury management [1].