Metaplanet Expands Bitcoin Holdings by 10% to 12,345 BTC

Metaplanet Inc., a Tokyo-based investment firm, has significantly expanded its Bitcoin holdings by acquiring an additional 1,234 BTC. This purchase, valued at approximately $133 million, brings the company's total Bitcoin holdings to 12,345 BTC. The latest acquisition comes just one day after the firm announced it would issue 54 million new shares in partnership with institutional investor EVO FUND. The capital raise, worth ¥74.9 billion (around $515 million), was aimed directly at expanding its treasury and marks the largest single-day equity raise for Bitcoin acquisition by a public company to date.

Metaplanet, previously a hotel management company, shifted its business model to become a Bitcoin-focused holding firm in 2024, mirroring the Michael Saylor-led Strategy’s initiative. The company has also set ambitious BTC accumulation targets, with plans to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027, 1% of Bitcoin’s total supply. To support its mission, Metaplanet also recently approved a capital injection of up to $5 billion into its U.S. subsidiary, Metaplanet Treasury Corp. The funding will support the next phase of its Bitcoin acquisition plan, including the rollout of a “555 Million Plan,” with proceeds directly allocated to BTC purchases.

Since launching its Bitcoin treasury initiative, Metaplanet has quickly climbed the top ranks of corporate BTC holders globally. The firm now sits at the fifth position, surpassing entities like Coinbase and Tesla. The move positions Metaplanet among the largest public holders of Bitcoin globally, underscoring the growing institutional interest in Bitcoin as a reserve asset. This strategic investment by Metaplanet not only enhances its financial position but also signals a strong confidence in the future of Bitcoin as a valuable asset class. The firm's decision to increase its Bitcoin holdings is likely to influence other institutional investors, potentially leading to further adoption and investment in the cryptocurrency market.