Metaplanet Injects $5 Billion to Expand US BTC Treasury

Metaplanet, a prominent Bitcoin (BTC) treasury company, has announced a significant capital injection into its US-based subsidiary. The company's board has approved a $5 billion capitalization plan, aimed at expanding its BTC treasury model. This funding will be allocated to Metaplanet Treasury Corp., based in Florida, as part of the company's broader '555 million plan'.

The expansion of the US subsidiary is strategically important for Metaplanet, as it will provide access to markets with deeper liquidity. Currently, the company sources BTC from Japanese exchanges, primarily using the BitFlyer market. Recently, Metaplanet also acquired BTC from the wallets of QCP Capital. The company is known for its fully transparent treasury and identifiable cold wallets. Corporate purchases of BTC, including those by Metaplanet, are a significant factor in the creation of coin scarcity, often reaching three times the amount of newly mined BTC on a weekly basis.

Metaplanet's aggressive capitalization plan has already yielded results. The company now holds 11,111 BTC, surpassing its previous target of acquiring up to 10,000 BTC by the end of 2025. The ability to purchase more BTC has been facilitated by the rally in Metaplanet's stock price, which has expanded by 1,250% in the past six months, peaking at 1,895 JPY (around $13.05).

In recent weeks, Metaplanet has outperformed other BTC treasury companies, such as Strategy, with a more relentless climb in its stock price. This has allowed Metaplanet to accelerate its BTC purchases. However, Metaplanet's BTC per share ratio is significantly lower than that of Strategy, and the company started its BTC purchases at a later stage with an average purchase price of $95,869.

Following the latest BTC purchases, Metaplanet has climbed the ranks of treasury companies, becoming the eighth-largest holder and closing in on Tesla, Inc. The company added 1,111 BTC to its reserves in the past week, surpassing Strategy's weekly purchase of 245 BTC. Metaplanet's aggressive acquisitions are part of its strategy to gain a global presence and a much higher BTC treasury. The company aims to acquire 210,000 BTC by the end of 2027, a treasury size that would rival national governments and is one of the most ambitious plans in the industry.

Metaplanet's expansion into the US market is not only about accessing deeper liquidity but also about gaining reputation, exposure, and financing opportunities. The company's aggressive acquisitions and clear plan of expansion set it apart from other BTC treasury companies, which have had more sporadic purchases. Metaplanet aims to gain a similar reputation to Strategy and become a leading player in the BTC treasury space.