Metaplanet Boosts Bitcoin Holdings with $54.4M Buy, Eyes Top Corporate Spot

Metaplanet has made yet another landmark acquisition as it doubles down on its goal of becoming the largest corporate Bitcoin holder. Following its transition to a BTC treasury firm, the Tokyo-listed firm has become one of the largest publicly listed holders of Bitcoin in Asia.

Bitcoin Holdings Surge with $54.4M Investment

In a Monday disclosure, Metaplanet announced the addition of another 463 BTC to its Bitcoin coffers, bringing its total holdings to 17,595 BTC. This latest investment totaled $54.4m (¥7.995 billion) at an average market price of $117,420 (¥17.27 million) per coin. 

Additionally, the firm’s total BTC holdings are pegged at an average cost of ¥14.85m ($101,010) per Bitcoin. When adjusted for current market prices, the company’s total Bitcoin holdings stands at an approximate value of $1.78 billion (¥261.28 billion). 

Metaplanet’s latest purchase comes just days after raising capital through perpetual preferred stocks. On August 1, the company outlined plans to pull in $3.7 billion (¥555 billion) in capital by issuing more bonds. 

These funds are expected to be channeled towards purchasing an estimated 210,000 Bitcoin over the next two years, as the company aims to rival top corporate holders like Michael Saylor’s Strategy.

Share Expansion and Preferred Stock Plan Aims to Accelerate Bitcoin Growth Strategy

Alongside the bond disclosure, Metaplanet pitched for the revision of its authorized share count to a higher value of ¥2.72 billion. The proposal also includes the introduction of perpetual preferred share classes carrying different risk ratios and convertibility.

Simon Gerovich, CEO of Metaplanet, explained that this move will help the company diversify its capital generation instruments and also boost value for long-term shareholders.

Our goal is to have multiple tools to raise capital for buying Bitcoin. On a Bitcoin standard, the mission is to continuously grow Bitcoin per share. Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value.

Gerovich

Since switching to a Bitcoin treasury less than a year ago, Metaplanet has adopted the aggressive stashing model, mirroring the approach of the apex corporate BTC holder, Strategy. 

Metaplanet Joins Top BTC Treasuries

According to data from BitBo, Metaplanet is the sixth-largest Bitcoin treasury as of 4th August 2025. Meanwhile, Michael Saylor’s strategy continues to top the leaderboard, holding over twice the combined total of the top five BTC holders. 

Here are the corporate BTC companies that make up the top five:

• MicroStrategy holds 628,791 BTC valued at $72.27 billion.
• Marathon Digital comes second with 49,951 BTC, totaling $5.74 billion.
• Twenty One Capital’s 37,229 BTC, valued at $4.28 billion, places it in third place.
• Bullish’s Bitcoin stash of 24,340 BTC is pegged at $2.80 billion.
• Riot Platforms completes the top five with 19,273 BTC valued at $2.22 billion.

As part of its fund generation methods, the company has leveraged equity offerings, bond issuance, and other capital market activities. In July, the firm completed several bond redemptions, as well as stock issuance through preferred stock acquisitions. Notably, these moves helped raise cash for the recent BTC accumulation.

At the time of writing, the Bitcoin price is hovering around $115,161 following a week of underperformance.