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Metaplanet, a Japanese
treasury firm, has increased its bitcoin holdings by an additional 103 BTC in a $11.7 million acquisition, raising its total reserves to approximately 18,991 BTC [1]. The latest purchase was made at an average price of $113,491 per bitcoin, according to a Monday announcement. This move aligns with the company’s ongoing strategy to expand its bitcoin reserves, which began in April 2024 [1]. The firm has now spent $1.95 billion on its cumulative bitcoin acquisitions at an average cost of $102,712 per BTC [1].According to Bitcointreasuries data, Metaplanet currently ranks seventh in the world for public corporate bitcoin reserves [1]. The company’s continued accumulation has been accompanied by a recent upgrade in its market listing. It was recently added to the FTSE Japan Index as part of the index provider’s September review, with its classification upgraded from a small-cap to a mid-cap stock [1]. Metaplanet President Simon Gerovich described the change as a “major milestone,” emphasizing the company’s growing prominence in Japan’s bitcoin treasury landscape [1].
The company’s stock reacted positively to the news, rising approximately 3.5% midday in Japan, according to Yahoo Finance data [1]. Despite this gain, its shares have fallen 26.9% over the past month. However, the stock has still risen by 147.9% year-to-date [1]. Analysts have assigned a "Hold" rating to Metaplanet’s stock, with a price target of Yen1,044.00 [2]. This reflects cautious optimism, as the company continues to demonstrate a strong accretive impact on shareholder value through its strategic bitcoin acquisitions [2].
Bitcoin prices, meanwhile, dipped 1.5% in the 24 hours leading up to Sunday night, trading at $113,148 [1]. Metaplanet’s continued accumulation at prices close to the current market rate suggests the firm is maintaining a disciplined approach to its purchases, even in a volatile market. The company’s treasury operations are measured using metrics such as BTC Yield, BTC Gain, and BTC ¥ Gain, which have shown substantial returns in recent quarters [2].
With a current market capitalization of Yen598.8 billion and an average daily trading volume of approximately 41.8 million yen, Metaplanet remains a significant player in the cryptocurrency asset management space [2]. The firm’s accumulation strategy is structured to provide long-term value to shareholders by leveraging bitcoin’s potential as a store of value and hedge against macroeconomic uncertainty [2].
Source:
[1] Metaplanet buys 103 BTC (https://www.theblock.co/post/368062/metaplanet-buys-103-btc?utm_medium=rss&utm_source=companies.xml)
[2] Metaplanet Inc. Expands Bitcoin Holdings with Strategic Acquisition (https://www.tipranks.com/news/company-announcements/metaplanet-inc-expands-bitcoin-holdings-with-strategic-acquisition-3)

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