Metaplanet's Bitcoin Buildup Challenges Market Stability and Price Dynamics

Metaplanet Inc. has increased its Bitcoin holdings to $2.08 billion with the latest purchase of 136 BTC for approximately $15.2 million, pushing its total holdings to 20,136 BTC, making it the sixth-largest public corporate holder of the cryptocurrency [1]. This acquisition was made at an average price of $111,666 per Bitcoin, reflecting ongoing strategic accumulation efforts [1]. The company is progressing toward its target of accumulating 30,000 BTC by the end of 2025 and 100,000 BTC by 2026 [1]. Currently, Metaplanet has achieved approximately 67% of its 2025 target and 20% of its 2026 goal [1].

The investment in Bitcoin has been a core part of Metaplanet’s strategy since early 2024. Historical data shows that the company has consistently added to its Bitcoin holdings, acquiring 1,009 BTC in early September 2025, 103 BTC in late August, and over 2,205 BTC in mid-July 2025 [2]. These purchases have been financed through a mix of equity offerings and debt instruments, with the company securing shareholder approval for an $884 million capital raising plan to manage its funding requirements [1]. The capital injection will help Metaplanet maintain its aggressive buying strategy without facing forced liquidation in the near term, according to Pranav Agarwal, an independent director at Jetking Infotrain India [1].

Agarwal noted that Metaplanet’s risk management strategy appears robust, with structured debt obligations remaining low relative to its total Bitcoin net asset value (BTC NAV) [1]. He emphasized that as Bitcoin treasury companies continue to accumulate over a million BTC (approximately 5% of the circulating supply), they are creating a strong base for sustained demand and potential price appreciation [1]. However, Agarwal also warned that any significant compression of Bitcoin prices close to the company’s BTC NAV could pose challenges to the momentum of its acquisition plans.

The recent purchase by Metaplanet coincides with broader market activity. On the same day, MicroStrategy, led by Michael Saylor, announced the acquisition of 1,955 BTC for $217 million at an average price of $111,196 per Bitcoin, bringing its total holdings to 638,460 BTC [3]. These moves highlight the increasing institutional interest in Bitcoin as a strategic asset class and underscore the growing influence of corporate treasuries in shaping the cryptocurrency market.

Metaplanet’s stock, which reached a peak of $13.20 (¥1,930) in 2025, has since declined by roughly 65%, currently trading at approximately $4.60 (¥680) [1]. Despite this, the company remains on track to meet its 2025 target, with 4 months of the year remaining and one-third of its goals still ahead [1]. The firm’s strategic expansion, from an initial target of 10,000 BTC by 2025 to its current 30,000 BTC goal, reflects a significant shift in its investment approach [1].

Analysts have pointed out that continued accumulation by corporations like Metaplanet could contribute to increased market stability and price resilience, particularly as selling pressures reduce and institutional demand grows [1]. The broader implications for Bitcoin’s price dynamics remain subject to market conditions and corporate buying patterns.

Source:

[1] Metaplanet Acquires 136 More Bitcoin as It Races Toward ... (https://finance.yahoo.com/news/metaplanet-acquires-136-more-bitcoin-065656641.html)

[2] Analytics - Metaplanet - Bitcoin Treasury Company (https://metaplanet.jp/en/analytics)

[3] Michael Saylor's Strategy Buys Another 1955 BTC for $217M (https://www.coindesk.com/business/2025/09/08/michael-saylor-s-strategy-buys-another-1-955-btc-for-usd217m)