Bitcoin News Today: Metaplanet's Bitcoin Bet: Share Price Plunge Threatens Capital Strategy

Metaplanet, Japan’s leading Bitcoin treasury firm, has expanded its holdings to 20,000 BTC following a recent $112 million acquisition, further solidifying its position among the world’s largest institutional Bitcoin holders. The latest purchase of 1,009 BTC, announced on September 1, 2025, brings the company’s total Bitcoin reserves to approximately $2.14 billion at current valuations, with an average acquisition price of $102,800 per Bitcoin. This acquisition marks a significant milestone in the firm’s ongoing strategy to establish Bitcoin as a core reserve asset, following a restructuring in December 2024 that shifted its business focus entirely to Bitcoin treasury operations [3].

The firm’s rapid accumulation has been funded through a mix of capital market activities, including bond issuances, share offerings, and early redemptions. In particular, Metaplanet has issued millions of new shares and secured $20.4 million in bond redemptions to support its expansion. The most recent capital move includes a proposed public share offering in overseas markets, aiming to raise up to $884 million, and a shareholder vote on the issuance of up to 555 million preferred shares, potentially raising as much as $3.7 billion [1].

However, the firm’s aggressive strategy is facing challenges as its share price has declined sharply. Metaplanet’s stock has dropped 54% since mid-June, despite Bitcoin gaining roughly 2% over the same period. The decline has strained the firm’s capital-raising model, which relies on rising share prices to incentivize warrant exercises by key investors. Analysts have noted that the falling stock price reduces the attractiveness of these warrants, particularly for Evo Fund, which has already exercised 11.5 million shares and retains the right to acquire an additional 34.5 million [1].

The company’s performance metrics reflect both growth and volatility. For the quarter ending September 1, Metaplanet reported a BTC Yield of 30.7%, a measure of Bitcoin holdings relative to fully diluted shares. This figure marks a significant decline from earlier quarters, where BTC Yield reached as high as 309.8% in late 2024. The firm also reported a 41% quarter-on-quarter revenue increase in the second quarter of 2025, generating $75.1 million in profit, largely driven by recurring income from cash-secured-put premiums and operational performance [5].

Despite the challenges, Metaplanet remains ambitious in its Bitcoin accumulation goals, with plans to reach 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. The company’s long-term vision includes positioning Bitcoin as a hedge against inflation and a strategic asset for value preservation, aligning with the approach taken by U.S.-based firms like MicroStrategy. However, analysts caution that such a strategy carries risks, particularly when Bitcoin’s price volatility impacts the company’s stock value and liquidity [4].

In a move that has drawn international attention, Metaplanet has also appointed Eric Trump as an advisor, further embedding the Trump family into the digital asset space. Trump is expected to attend a shareholder meeting in Tokyo on September 2, 2025, where key decisions regarding capital structure and future financing will be discussed. This involvement adds a layer of geopolitical and financial intrigue, as Metaplanet continues to redefine the landscape of corporate Bitcoin treasury operations [5].

Source:

[1] Metaplanet Buys 1009 BTC, Reaches 20000 BTC (https://cointelegraph.com/news/metaplanet-20000-btc-treasury-share-price-slump)

[2] Metaplanet (3350) Hits 20K BTC, Overtakes Riot Platforms (https://www.coindesk.com/markets/2025/09/01/metaplanet-bitcoin-purchase-takes-holdings-to-20k-btc-overtaking-riot-platforms)

[3] Metaplanet Hits 20000 BTC Milestone with Bold $112M (https://coinlaw.io/metaplanet-bitcoin-20000-btc-expansion/)

[4] Metaplanet Bitcoin Holdings Climb To 20,000 BTC After (https://finance.yahoo.com/news/metaplanet-bitcoin-holdings-climb-20-052149775.html)

[5] Tokyo-listed Metaplanet adds 1009 Bitcoin to treasury (https://www.cryptopolitan.com/metaplanet-adds-1009-bitcoin/)