Bitcoin News Today: Metaplanet's Bitcoin Bet: From Failing Hotel to Crypto Powerhouse

Tokyo-listed Metaplanet Inc. has further expanded its Bitcoin holdings, acquiring 775 additional BTC for $93 million (¥13.733 billion) on Monday, according to a recent announcement. This acquisition increases the company’s total Bitcoin treasury to 18,888 BTC, with an aggregate cost basis now standing at $1.94 billion (¥284.097 billion). The latest purchase was executed at an average price of $120,000 (¥17,720,023) per Bitcoin, raising the firm’s overall average acquisition cost to $102,000 (¥15,041,118) per coin [3].

The move underscores Metaplanet’s commitment to its Bitcoin treasury strategy, which has transformed the company from a struggling budget hotel operator to a major player in the corporate Bitcoin space. The firm previously operated as Red Planet Japan, a business that suffered significant losses during the pandemic. By early 2024, Metaplanet adopted a corporate Bitcoin acquisition model inspired by Michael Saylor’s approach, and its shares have since surged from around $1.32 (¥190) to significantly higher levels [3].

Analysts suggest that corporate Bitcoin treasuries are gaining traction as a strategic reserve, particularly in Asia. Hank Huang, CEO of Kronos Research, noted that Metaplanet’s latest purchase is part of a broader trend where firms are increasingly allocating capital to Bitcoin amid fiat currency uncertainties. However, Huang also highlighted the risks involved, particularly price volatility, which can strain balance sheets and investor confidence [3].

Metaplanet’s Bitcoin holdings now make it the seventh-largest corporate Bitcoin treasury holder globally. The firm reported a Bitcoin Yield of 29.3% for the latest period, a significant decline from 129.4% in Q2, which reflects the broader market dynamics [4]. Despite the drop, Metaplanet’s stock closed 4% higher on Monday, at 900 yen, indicating investor confidence in the company’s balance sheet strategy even as Bitcoin prices dipped to $115,500 [4].

The company also disclosed $117 million in outstanding debt, which is minimal relative to its Bitcoin reserves. Dylan LeClair, a director of Bitcoin strategy, noted that Metaplanet’s 19th Series Ordinary Bonds are 18.67x over-collateralized by its BTC position, further reinforcing the security of the firm’s capital structure [4]. Metaplanet plans to continue its Bitcoin accumulation strategy and announced earlier this month a $3.7 billion stock raise to fund additional purchases [3].

The continued expansion of corporate Bitcoin treasuries raises questions about short-term liquidity and market volatility. As more firms adopt similar strategies, the increased demand for BTC may lead to tighter near-term liquidity, potentially exacerbating price swings. However, in the long run, these treasuries serve as a hedge against fiat devaluation and represent a growing institutional alignment with crypto assets [3].

Source:

[1] Asia Morning Briefing: Market Observers Say Bitcoin's Structure Looks Weak Even as Industry Strengthens (https://www.coindesk.com/markets/2025/08/20/asia-morning-briefing-market-observers-say-bitcoin-s-structure-looks-weak-even-as-industry-strengthens)

[2] Asia Morning Briefing: BTC Demand Cools While Crypto Capital is Getting More Selective (https://www.coindesk.com/markets/2025/08/21/asia-morning-briefing-btc-demand-cools-while-crypto-capital-is-getting-more-selective-okx-s-gracie-lin-warns)

[3] Metaplanet's Bitcoin Treasury Swells to 18,888 BTC with Latest Buy (https://finance.yahoo.com/news/metaplanet-bitcoin-treasury-swells-18-131603838.html)

[4] Metaplanet Expands Bitcoin Treasury by 775 BTC, Assets Reach $2.18 Billion (https://finance.yahoo.com/news/metaplanet-expands-bitcoin-treasury-775-093416226.html)