Bitcoin News Today: Metaplanet Leaps to 6th in Global Bitcoin Holdings With $112M Surge

Japan-based Metaplanet has acquired 1,009 additional bitcoin, valued at approximately $112 million, bringing its total holdings to 20,000 BTC. The company disclosed the purchase on Monday, with the acquisition made at an average price of $111,068 per coin. This move marks a significant increase in Metaplanet’s bitcoin reserves, occurring less than three months after it reached the 10,000 BTC milestone [1].

The new acquisition places Metaplanet among the leading public companies holding bitcoin in their treasuries. According to recent data, the firm now ranks sixth globally, surpassing Riot Platforms [1]. This development underscores the growing trend of institutional investment in digital assets and highlights Metaplanet’s strategy to build a substantial bitcoin portfolio.

The company previously revised its year-end bitcoin target from 10,000 to 30,000 BTC in early 2025, indicating an aggressive expansion plan. The latest purchase aligns with this trajectory, demonstrating Metaplanet’s commitment to increasing its exposure to the cryptocurrency market [1]. Analysts suggest that the firm’s strategy reflects broader market confidence in bitcoin as a store of value, despite recent price volatility.

To support further bitcoin acquisitions, Metaplanet announced plans to raise 130 billion yen (approximately $880 million) through an international share offering. The majority of the proceeds will be allocated toward purchasing additional bitcoin over the next two months. This capital-raising initiative is part of a broader financial strategy to fund Metaplanet’s growth in the digital asset space [1].

In a prior statement, Metaplanet’s CEO, Simon Gerovich, hinted at the potential use of bitcoin as collateral for future financing activities. He suggested that the company could leverage its holdings to secure loans for acquiring cash-generating businesses, thereby diversifying its portfolio beyond direct cryptocurrency investment [1]. This approach could enable the firm to generate additional revenue streams while maintaining its strategic allocation to bitcoin.

The announcement of the latest bitcoin purchase coincided with a 2.62% decline in Metaplanet’s stock price during Monday morning trading in Japan. However, the company’s U.S.-listed shares closed at $6.11 on Friday, reflecting a 0.83% increase [1]. Meanwhile, the price of bitcoin dropped 1.53% in the past 24 hours to $107,605, indicating short-term market pressure despite the firm’s large-scale accumulation [1].

Metaplanet’s continued investment in bitcoin illustrates the evolving landscape of corporate treasury management. As more companies explore digital assets as a strategic allocation, the actions of major players like Metaplanet can influence both market sentiment and regulatory developments. The company’s transparency in disclosing its holdings and acquisition strategies contributes to the growing institutional credibility of bitcoin as a financial asset.

Source:

[1] Metaplanet Surpasses 20000 BTC With $112M Bitcoin (https://bitbo.io/news/metaplanet-20000-btc-milestone/)